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The Influences of Economic and Technology Policy on the Dynamics of New Firm Formation

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Author Info
Young Choi ()
Phillip Phan ()

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Abstract

This study attempts to reveal how macroeconomic and technology policies that encompass the opportunity and individual drivers of entrepreneurship explain the dynamics of new firm formation in a country. To do so we rely on the Schumpeterian, industrial organization, and labor economics traditions of entrepreneurship, and performed an exploratory test with longitudinal U.S. data from 1968 to 1993. The results of this study suggest that R&D investments, patents, economic concentration, pro-competition policy, and labor mobility are important areas in which government policy can influence the intensity of new firm formation. Copyright Springer 2006

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File URL: http://hdl.handle.net/10.1007/s11187-005-5989-2
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Publisher Info
Article provided by Springer in its journal Small Business Economics.

Volume (Year): 26 (2006)
Issue (Month): 5 (06)
Pages: 493-503
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:sbusec:v:26:y:2006:i:5:p:493-503

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Web page: http://www.springerlink.com/link.asp?id=100338

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: entrepreneurial policy; government; new firm formation; L50 (Regulation and Industrial Policy-General); M13 (Entrepreneurship) ; M20 (Business Economics-General);

Cited by:
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  1. James Derbyshire & Garry Haywood, 2007. "Schumpeterian 'Creative Destruction' and Strengthening the Business Stock Through Firm Formation," Research Papers 200739, University of Liverpool Management School. [Downloadable!]
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This page was last updated on 2009-11-25.


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