Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108548
Authors: 
Fritsch, Michael
Kublina, Sandra
Year of Publication: 
2015
Series/Report no.: 
Jena Economic Research Papers 2015-002
Abstract: 
We distinguish four types of regional growth regimes based on the type of relationship between new business formation and economic development. The distinguishing characteristics of these regime types are analyzed in order to identify the reasons for different growth performance. Although growth regimes are highly persistent over time, typical transition patterns between regime types can be identified. We explain these patterns and draw conclusions for policy. The evidence clearly suggests that entrepreneurship is a key driver of economic development, and one that has long-run effects.
Subjects: 
economic development
entrepreneurship
new business formation
regional growth regimes
JEL: 
L26
R11
O11
Document Type: 
Working Paper

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