The Role of Knowledge

Michael Fritsch () and Michael Wyrwich

Chapter Chapter 7 in Regional Trajectories of Entrepreneurship, Knowledge, and Growth, 2019, pp 95-117 from Springer

Abstract: Abstract We investigate the role played by an entrepreneurship culture and the historical knowledge base of a region in current levels of new business formation in innovative industries. The analysis is for German regions and covers the years 1907–2016. We find a pronounced positive relationship between high levels of historical self-employmentHistorical self-employment in science-based industriesIn science-based industries and new business formation in innovative industries today. This long-term legacy effect of an entrepreneurial tradition indicates the prevalence of a regional culture of entrepreneurship. Moreover, local presence and geographic proximity to a technical universityTechnical university founded before the year 1900 is positively related to the level of innovative start-upsStart-ups more than a century later. The results show that a considerable part of the knowledge that constitutes an important source of entrepreneurial opportunitiesEntrepreneurialopportunities is deeply rooted in history. We draw conclusions for policy and for further research.

Keywords: Innovative start-ups; Universities; Regional knowledge; Regional cultures of entrepreneurship (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-3-319-97782-9_7

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DOI: 10.1007/978-3-319-97782-9_7

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