Entrepreneurship and Regional Economic Growth: Towards A General Theory of Start-Ups

Thomas Gries and Wim Naudé

No RP2008-70, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Start-ups of new firms are important for economic growth. However, start-up rates differ significantly between countries and within regions of the same country. A large empirical literature studies the reasons for this and attempts to identify the regional determinants of start-ups. In contrast, there is a much smaller theoretical literature that attempts the formal modelling of the start-up process within a region. In this paper, we attempt to contribute to this small literature by introducing a general theoretical model of the entrepreneurial start-up process.

Keywords: Economic development; Entrepreneurship; Human capital; Regional economics (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-ent and nep-geo
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Citations: View citations in EconPapers (11)

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