Entrepreneurial Spillovers over Space and Time

Frank Fossen and Thorsten Martin

No 1618, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

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.

Keywords: Entrepreneurship; new business formation; spatial spillovers; path dependency; persistence; spatial panel (search for similar items in EconPapers)
JEL-codes: C23 L26 O30 R12 (search for similar items in EconPapers)
Pages: 30 p.
Date: 2016
New Economics Papers: this item is included in nep-cse, nep-ent, nep-geo, nep-ino, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp1618

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