Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19958
Authors: 
Ács, Zoltán J.
Armington, Catherine
Year of Publication: 
2004
Series/Report no.: 
Papers on entrepreneurship, growth and public policy 1304
Abstract: 
Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on employment growth in Local Market Areas. We find that differences in levels of entrepreneurial activity, diversity among geographically proximate industries, and the extent of human capital are positively associated with variation in growth rates, but the manufacturing sector appears to be an exception.
Subjects: 
Economic growth
Knowledge spillovers
Entrepreneurship
Industry diversity
JEL: 
M13
O40
R11
C8
Document Type: 
Working Paper

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