We investigate regional differences in the level and the development of regional new business formation activity. There is a pronounced variance of start-up rates across the regions. The level of regional new firm formation is rather pathdependent so that changes are relatively small. The main...

In this paper, we study the intertemporal relations within two phases of the venture creation process based on data from administrative data sources. By distinguishing a pre- and post-period, we address two major issues: (1) we identify which factors make people wait to start a venture, and (2)...