New Business Formation and Regional Development: A Survey and Assessment of the Evidence

Abstract

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Related variety, unrelated variety and regional growth: the role of absorptive capacity and entrepreneurship

“…Particularly innovative start-ups that often recombine old ideas in new ways (Weitzman 1998) can have rather pronounced positive effects on regional development (Fritsch 2013). A frequent motivation for founders of innovative new firms to spin off from paid employment into self-employment is that the founder cannot realize an innovative idea in the incubator organization (Klepper 2009).…”

Measuring Entrepreneurial Ecosystems

“…Sternberg 2009;Stam 2010) and entrepreneurship and regional development (see e.g. Fritsch 2013). The synthesizing model (see Figure 10.1) includes insights from the academic literature (i.e.…”

Business cycles, unemployment and entrepreneurial entry—evidence from Germany

“…However, looking at the characteristics of firms at the time of the establishment without a further analysis of start-up performance over the first two or three years may lead to false conclusions. We know from previous panel data analyses in Germany that a certain share of individuals starting as solo-entrepreneurs create further jobs after the venturing of the business, many in the first year (see Fritsch, Kritikos and Rusakova, 2012), even if they come out of unemployment Fritsch, 2013). For this reason, it is plausible to assume that it is not only the business cycle affecting new business formation but also that increased start-up activity may feed-back to the macro-economic level by stimulating economic development (see Koellinger and Thurik, 2012).…”