Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148005
Authors: 
Fossen, Frank M.
Martin, Thorsten
Year of Publication: 
2016
Series/Report no.: 
DIW Discussion Papers 1618
Abstract: 
Entrepreneurship is a local and dynamic phenomenon. We jointly investigate spatial spillovers and time persistence of regional new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel models of business creation in the high-tech and manufacturing industries. We consider regions of different sizes and systematically search for the most suitable spatial weighting matrices. We find substantial spatial spillovers as well as time persistence of start-up activity, especially in the high-tech industry. This indicates that entrepreneurship is deeply rooted in regions and underlines the importance of local entrepreneurship culture for new business formation.
Subjects: 
entrepreneurship
new business formation
spatial spillovers
path dependency
persistence
spatial panel
JEL: 
L26
C23
R12
O30
Document Type: 
Working Paper

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