- A-Z
- Jena Economic Resea...
- Volume 12
- Regional Knowledge,...
- Autor(in)
- Erschienen
- 8. Januar 2018
- Nummer des Discussion-Papers
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2018-001
- Schlagwort(e)
-
Innovative start-ups
regional cultures of entrepreneurship
regional knowledge
universities
- Zusammenfsg.
-
We investigate the role of entrepreneurship culture and the historical knowledge base of a region on current levels of new business formation in innovative industries. The analysis is for German regions and covers the time period 1907–2014. We find a pronounced positive relationship between high levels of historical self-employment in science-based industries and new business formation in innovative industries today. This long-term legacy effect of entrepreneurial tradition indicates the prevalence of a regional culture of entrepreneurship. Moreover, local presence and geographic proximity to a technical university founded before the year 1900 is positively related to the level of innovative start-ups more than a century later. The results show that a considerable part of the knowledge that constitutes an important source of entrepreneurial opportunities is deeply rooted in history. We draw conclusions for policy and for further research.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- L26 - Entrepreneurship ; L60 - General ; L80 - General ; O18 - Regional, Urban, and Rural Analyses ; R12 - Size and Spatial Distributions of Regional Economic Activity ; R30 - General