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Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >
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http://hdl.handle.net/10419/19981
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| Title: | | The effects of new business formation on regional development over time  |
| Authors: | | Fritsch, Michael Mueller, Pamela |
| Issue Date: | | 2004 |
| Series/Report no.: | | Papers on entrepreneurship, growth and public policy 3604 |
| Abstract: | | In our analysis of the impact of new business formation on regional employment change we identified considerable time lags. We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on regional employment. The results indicate that the indirect effects of new business formation (crowding-out of competitors, improvement of supply conditions and improved competitiveness) are of greater magnitude than the direct effect, i.e. the jobs that are created in the new entities. The peak of the positive impact of new businesses on regional development is reached about eight years after entry. |
| Subjects: | | Regional growth new businesses entrepreneuship time lags |
| JEL: | | R11 O18 O1 M13 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik
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| 2004-36.pdf | | 639.14 kB | Adobe PDF |
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