Regional knowledge production and entrepreneurial firm creation: Spatial Dynamic Analyses

In Hyeock Lee, Eunsuk Hong and Laixiang Sun

Journal of Business Research, 2013, vol. 66, issue 10, 2106-2115

Abstract: This study assesses whether and to what extent new knowledge available in a region and its surrounding regions induces and facilitates new firm creation, an important topic that is largely left untested in the literature. Using a full population firm-level dataset of 44,434 newly created entrepreneurial firms in the manufacturing sector in 234 regions of South Korea between 2000 and 2004, its econometric estimations indicate a positive externality effect of new knowledge production on activities of new firm creation within and across the regional boundaries, with the intra-regional effect being stronger than the inter-regional one. The estimations also show that both the intra- and inter-regional effects are stronger in high-tech industries than in low-tech industries.

Keywords: Regional innovation capacity; Entrepreneurship; Firm creation; Knowledge spillovers; System GMM (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0148296313000611
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:66:y:2013:i:10:p:2106-2115

DOI: 10.1016/j.jbusres.2013.02.037

Access Statistics for this article

Journal of Business Research is currently edited by A. G. Woodside

More articles in Journal of Business Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().