Penetrating the Knowledge Filter in "Rust Belt" Economies

Zoltan Acs, Lawrence A. Plummer and Ryan Sutter
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Lawrence A. Plummer: Clemson University
Ryan Sutter: George Mason University

No 2008-018, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at penetrating the knowledge filter than are incumbent firms; however, the analysis has only examined expanding economies and has relied on purely cross-sectional regression methodologies. This study explores the role of new and incumbent firms in penetrating the knowledge filter utilizing recent developments in spatial panel estimation techniques to provide a more robust set of findings. The results suggest that new firms are more proficient at penetrating the knowledge filter in declining and growing regions alike.

Keywords: Entrepreneurship; Knowledge; Regional Growth; Endogenous Growth (search for similar items in EconPapers)
JEL-codes: L26 O1 O18 O3 R1 (search for similar items in EconPapers)
Date: 2008-03-14
New Economics Papers: this item is included in nep-cse, nep-ent, nep-geo, nep-knm and nep-ure
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Related works:
Chapter: Penetrating the knowledge filter in “rust belt” economies (2015)
Journal Article: Penetrating the knowledge filter in “rust belt” economies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2008-018

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