Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94652
Authors: 
Filson, Darren
Franco, April Mitchell
Year of Publication: 
1999
Series/Report no.: 
Claremont Colleges Working Papers in Economics 1999-15
Abstract: 
This paper investigates the effects of employee mobility on industry evolution and technology diffusion by testing a dynamic industry equilibrium model introduced in Franco and Filson (1999). The model focuses on a particular type of employee mobility: researchers can leave existing firms and attempt to form new firms (spin-outs). The model has four testable results: First, spin-outs are an important source of entry. Second, spin-out founds come from firms with high know-how. Third, firms with high know-how are more likely to survive. Fourth, spin-outs whose parents have high know-how are more likely to survive. Using data from the rigid disk drive industry (1977-1997), we find support for the first three results and mixed support for the fourth.
Subjects: 
spin-off
industry dynamics
technological change
innovation
research and development
JEL: 
L10
L63
O31
Document Type: 
Working Paper

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