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http://hdl.handle.net/10419/56906
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| Title: | | Does quality make a difference? Employment effects of high- and low-quality start-ups  |
| Authors: | | Fritsch, Michael Schroeter, Alexandra |
| Issue Date: | | 2010 |
| Series/Report no.: | | Jena economic research papers 2011,001 |
| Abstract: | | This paper investigates the impact of new firms' quality on the magnitude of their employment effects. Our results clearly show that the quality of start-ups, measured by their affiliation with sectors and innovative industries, strongly influences the direct and the overall employment contribution of new firms. In particular, start-ups in manufacturing industries generate larger direct and overall growth effects than those in services. Moreover, new businesses in innovative manufacturing and in knowledge-intensive service industries make a larger direct contribution to employment than start-ups affiliated with other industries. We also find a relatively strong overall effect of new business formation in knowledge-intensive service industries. However, the impact of start-ups in innovative manufacturing industries on overall regional employment growth is not statistically significant, which may be mainly due to their rather small share in all start-ups and because they impact more on firms and employment in other regions than do start-ups in non-innovative manufacturing. Finally, we discuss the implications for entrepreneurship policy that can be derived from our findings. |
| Subjects: | | entrepreneurship new business formation innovative industries regional development entrepreneurship policy |
| JEL: | | L26 M13 O1 O18 R11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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