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Title:The persistence of regional new business formation-activity over time : assessing the potential of policy promotion programs PDF Logo
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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