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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/10419/19993
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| Title: | | The persistence of regional new business formation-activity over time : assessing the potential of policy promotion programs  |
| Authors: | | Fritsch, Michael Mueller, Pamela |
| Issue Date: | | 2005 |
| Series/Report no.: | | Papers on entrepreneurship, growth and public policy 0205 |
| Abstract: | | 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 path-dependent so that changes are relatively small. The main factors determining the level of regional start-ups are innovation and entrepreneurship. These factors also seem to be responsible for changes in the level of regional new business formation. In addition, unemployment plays a role. Steering innovation and creating an entrepreneurial atmosphere could be an appropriate starting point for policy measures that try to promote start-ups. Our empirical evidence strongly suggests that such measures may have significant effect only in the long run. |
| Subjects: | | New businesses entrepreneurship growth regimes time lags |
| JEL: | | O1 R11 M13 O18 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik
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