Entrepreneurship, Geography, and American Economic Growth

By: Catherine Armington, Zoltan J. Acs

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Hardcover | 19 June 2006

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264 Pages

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The spillovers in knowledge among largely college-educated workers were among the key reasons for the impressive degree of economic growth and spread of entrepreneurship in the United States during the 1990s. Prior 'industrial policies' in the 1970s and 1980s did not advance growth because these were based on outmoded large manufacturing models. Zoltan Acs and Catherine Armington use a knowledge spillover theory of entrepreneurship to explain new firm formation rates in regional economies during the 1990s period and beyond. The fastest-growing regions are those that have the highest rates of new firm formation, and which are not dominated by large businesses. The authors of this text also find support for the thesis that knowledge spillovers move across industries and are not confined within a single industry. As a result, they suggest, regional policies to encourage and sustain growth should focus on entrepreneurship among other factors.

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"I would encourage all researchers interested in entrepreneurship or economic geography to look at this volume. Acs and Armington identify numerous empircal regularities that should stimulate the development of new theories and motivate more casually oriented empirical investigations of particular mechanisms. And the appendices provide a wealth of descriptive information on regions that others may use to incorporate information from LEEM/BIC data into their own research." - Olav Sorenson, University of Toronto, Administrative Science Quarterly

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You Can Find This Book In

Non-Fiction Business & Management Ownership & Organisation of Enterprises Industry & Industrial Studies Earth Sciences, Geography, Environment, Planning Geography Human Geography Economic Geography Entrepreneurship / Start-ups

List of Tables and Figures	p. vii
Preface	p. xi
Introduction	p. 1
Entrepreneurship, Geography, and Growth	p. 21
Regional Variation in Entrepreneurial Activity	p. 45
Human Capital and Entrepreneurship	p. 76
Entrepreneurship and Employment Growth	p. 108
Summary and Theoretical Insights	p. 143
A Formulation of Entrepreneurship Policy	p. 154
Firm Formation and Growth Data from the Longitudinal Establishment and Enterprise Microdata (LEEM)	p. 173
1995 + 1996 Firm Formation Rates for U.S. Labor Market Areas with 1994 Labor Force and Establishments	p. 183
Service Industry Standard Industrial Classification (4-digit SIC) Codes and Their Subsectors, with 1995 Establishment and Employment and Changes to 1998, and 1996 through 1998 Firm Formations per 100 Establishments in Subsector in 1995	p. 194
1991-1996 Employment Growth Rates and Share of High-Growth Establishments in Labor Market Areas, with 1991 Employment, Establishments, and Population, and 1991-1996 Population Growth and Relative Employment Growth Rates	p. 203
References	p. 223
Index	p. 237
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Entrepreneurship, Geography, and American Economic Growth

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Hardcover

Industry Reviews

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How to return your order

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