Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19993
Authors: 
Fritsch, Michael
Mueller, Pamela
Year of Publication: 
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

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