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The Impact of Geographic Differences in Human Capital on Service Firm Formation Rates Author info | Abstract | Publisher info | Download info | Related research | Statistics Zoltan J. Acs ()
Catherine Armington
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Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that formation rates differ with the share of adults with college degrees, especially for industries that normally require college-educated founders. They also differ strongly with the local concentration of existing establishments in the same sector, especially for industries serving non-local markets, suggesting that an important mechanism is the spillover of relevant knowledge.
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Paper provided by Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group in its series Papers on Entrepreneurship, Growth and Public Policy with number
2004-15.
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Length: 48 pages
Date of creation: Mar 2004Date of revision:
Handle: RePEc:esi:egpdis:2004-15Contact details of provider: Postal: Kahlaische Strasse 10, D-07745 Jena Phone: +49-3641-68 65 Fax: +49-3641-68 69 90 Web page: http://www.econ.mpg.de/ More information through EDIRC
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Keywords: Firm formation ; Knowledge spillovers ; Entrepreneurship ; Human capital ; Regional growth ; Other versions of this item:
Find related papers by JEL classification: R1 - Urban, Rural, and Regional Economics - - General Regional Economics L80 - Industrial Organization - - Industry Studies: Services - - - General J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups O3 - Economic Development, Technological Change, and Growth - - Technological Change
This paper has been announced in the following NEP Reports :
Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)Gebremeskel H. Gebremariam & Tesfa G. Gebremedhin & Peter V. Schaeffer & Randall W. Jackson, 2008.
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Acs, Zoltan & Audrestch, David & Braunerhjelm, Pontus & Carlsson, Bo, 2007.
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Working Paper Series in Economics and Institutions of Innovation
77, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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Other versions:
Acs, Zoltán J & Audretsch, David B & Braunerhjelm, Pontus & Carlsson, Bo, 2005.
"The Knowledge Spillover Theory of Entrepreneurship ,"
CEPR Discussion Papers
5326, C.E.P.R. Discussion Papers.
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Gebremariam, Gebremeskel H. & Gebremedhin, Tesfa G. & Schaeffer, Peter V., 2006.
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