Employment Growth and Entrepreneurial Activity in Cities

Zoltan Acs and Catherine Armington

Papers on Entrepreneurship, Growth and Public Policy from Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group

Abstract: Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on employment growth in Local Market Areas. We find that differences in levels of entrepreneurial activity, diversity among geographically proximate industries, and the extent of human capital are positively associated with variation in growth rates, but the manufacturing sector appears to be an exception.

Keywords: Economic growth; Knowledge spillovers; Entrepreneurship; Industry diversity (search for similar items in EconPapers)
JEL-codes: C8 M13 O40 R11 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2004-03
New Economics Papers: this item is included in nep-ent, nep-geo, nep-ino and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (204)

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Chapter: Employment Growth and Entrepreneurial Activity in Cities (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:esi:egpdis:2004-13

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