TY  - JOUR
A1  - Fossen, Frank M.
A1  - Martin, Thorsten
T1  - Entrepreneurial dynamics over space and time
JF  - Regional science and urban economics
N2  - Entrepreneurship is a regional and persistent phenomenon. We jointly investigate spatial dependence and serial dynamics of new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel data models of start-up activity in the high-tech and manufacturing industries. We consider regions of different sizes and systematically search for the most suitable spatial weights matrices. We find substantial spatial dependence as well as time persistence of start-up activity, especially in the high-tech industry. This suggests that local start-up activity has positive extemal effects and that entrepreneurship policy could play an efficiency-enhancing role.
KW  - Entrepreneurship
KW  - New business formation
KW  - Spatial dependence
KW  - Path dependency
KW  - Persistence
KW  - Spatial panel
Y1  - 2018
U6  - https://doi.org/10.1016/j.regsciurbeco.2018.04.004
SN  - 0166-0462
SN  - 1879-2308
VL  - 70
SP  - 204
EP  - 214
PB  - Elsevier
CY  - Amsterdam
ER  -