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2021 | nr 1 | 24--33
Tytuł artykułu

Entrepreneurship and Regional Growth Regimes in the United States

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
We investigate regional growth regimes in the US states from 1980 to 2014. Based on start-up rates and employment growth as suggested by Audretsch and Fritsch (2002), we classify states into routinized, entrepreneurial, revolving door, and downsizing regimes. The results indicate that there was no significant association between start-up rates and employment growth in the 1980s, but a positive relationship in the 1990s, 2000s, and 2010s. Further, we document that the entrepreneurial and the downsizing regimes are attractor regimes that tend to stick, whereas the routinized and revolving door regimes are transitionary regimes. Importantly, states in the routinized regime predominantly move to the downsizing regime, suggesting that an over-reliance on established companies relative to start-ups in the state may threaten employment growth in the long run. (original abstract)
Rocznik
Numer
Strony
24--33
Opis fizyczny
Twórcy
autor
  • University of Nevada, Reno
autor
  • University of Nevada, Reno
  • University of Nevada, Reno
Bibliografia
  • [1] Acs Z., Armington C. (2004), Employment Growth and Entrepreneurial Activity in Cities, "Regional Studies", Vol. 38, No. 8, pp. 911-927.
  • [2] Agarwal R., Audretsch D., Sarkar M. (2007), The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship, and Economic Growth, "Strategic Entrepreneurship Journal", Vol. 1, No. 3-4, pp. 263-286.
  • [3] Agarwal R., Echambadi R., Franco A., Sarkar M. (2004), Knowledge Transfer through Inheritance: Spin-out Generation, Development, and Survival, "Academy Management Journal", Vol. 47, No. 4, pp. 501-522.
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  • [8] Decker R., Haltiwanger J., Jarmin R., Miranda J. (2014), The Role of Entrepreneurship in US Job Creation and Economic Dynamism, "Journal of Economic Perspectives", Vol. 28, No. 3, pp. 3-24.
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  • [13] Mueller P., van Stel A., Story D. (2007), The Effects of New Firm Formation on Regional Development over Time: The Case of Great Britain, "Small Business Economics", Vol. 30, pp. 59-71.
  • [14] Saxenian A. (1994), Regional Advantage: Culture and Competition in Silicon Valley and Route 128, Harvard University Press, Cambridge, MA.
  • [15] Schumpeter J. (1942), Capitalism, Socialism, and Democracy, Harper and Brothers, New York, NY.
  • [16] Shane S., Stuart T. (2002), Organizational Endowments and the Performance of University Start-ups, "Management Science", Vol. 48, No. 1, pp. 154-170.
  • [17] US Census Bureau (2020), Business Dynamics Statistics (BDS), https://www.census.gov/programs-surveys/bds.html.
  • [18] van Stel A., Suddle K. (2007), The Impact of New Firm Formation on Regional Development in Netherlands, "Small Business Economics", Vol. 31, No. 1, pp. 31-47.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171617206

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