Regional innovation networks & high-growth entrepreneurship

Michael E. Araki, Daniel L. Bennett and Gary A. Wagner

Research Policy, 2024, vol. 53, issue 1

Abstract: We investigate the influence of regional innovation networks (RINs) on high-growth entrepreneurship within the framework of the knowledge spillover theory of entrepreneurship (KSTE). While previous studies have separately examined RINs' role in knowledge diffusion and the geographical characteristics of high-growth firms, the connection between these two areas remains unexplored. To address this gap, we develop a conceptual model that highlights the positive impact of RINs on high-growth entrepreneurship, moderated by regional entrepreneurial capital. Using a unique longitudinal dataset at the metropolitan statistical area (MSA) level, we employ two-way fixed effects and instrumental variables regressions to analyze the data. Our findings support the conceptual model, revealing that robust RINs facilitate high-growth entrepreneurship. Additionally, we conduct post-hoc exploratory analyses to investigate potential moderating factors, including the influence of the public policy environment.

Keywords: Gazelles; Geography of innovation; Innovation networks; Geography of high-growth entrepreneurship; Knowledge spillover theory of entrepreneurship (search for similar items in EconPapers)
JEL-codes: L14 M13 O12 O33 R1 (search for similar items in EconPapers)
Date: 2024
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:eee:respol:v:53:y:2024:i:1:s0048733323001841

DOI: 10.1016/j.respol.2023.104900

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