Arbeitspapier
State of Literature on Small to Medium-Size Enterprises and Entrepreneurship in Low-Income Communities
Motivated by differences in new-firm survival across regions, this paper explores the impact of regional human capital on new-firm survival rates. New-firm survival is interpreted through formation rates of surviving versus closed firms in the service sector. By incorporating knowledge spillovers through a geographical variation model for Labor Market Areas, we empirically test the relationship between regional human capital stocks and new-firm survival. The expected positive relationship between regional human capital and new-firm survival is supported for the period 1993-1995, but is not as strong for the recession period 1990-1992. Controlling for human capital, the new-firm survival rate is negatively related to service sector specialization and positively related to all industry intensity, suggesting that city size and diversity may be an important determinant of new-firm survival in both periods.
- Sprache
-
Englisch
- Erschienen in
-
Series: Papers on Entrepreneurship, Growth and Public Policy ; No. 0307
- Klassifikation
-
Wirtschaft
Industry Studies: Services: General
Human Capital; Skills; Occupational Choice; Labor Productivity
New Firms; Startups
- Thema
-
New-Firm Survival
Human Capital
Knowledge Spillovers
Entrepreneurship
Labor Market Area
Unternehmer
Klein- und Mittelunternehmen
Unternehmensgründung
Strukturschwacher Raum
Theorie
Industriestaaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ács, Zoltán J.
Kallas, Kadri
- Ereignis
-
Veröffentlichung
- (wer)
-
Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Ács, Zoltán J.
- Kallas, Kadri
- Max Planck Institute of Economics
Entstanden
- 2007
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