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The Entrepreneurial Advantage of World Cities - Evidence from Global Entrepreneurship Monitor Data

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Author Info

  • Zoltan Acs

    (George Mason University, Washington D.C.and Max Planck Institute of Economics)

  • Niels Bosma

    ()
    (Utrecht University, EIM Business + Policy Research, Global Entrepreneurship Research Association)

  • Rolf Sternberg

    (University of Hannover)

Abstract

Recent discussions in the Economic Geography literature increasingly focus on creative cities and the importance of creativity for achieving economic growth. Considering the increased attention on urban areas it is not surprising that the regional dimension of entrepreneurship is a subject of great interest. We set out a framework encompassing the individual process between entrepreneurial perceptions and entrepreneurial activity and demonstrate how the urban environment can have an impact on this process. We create entrepreneurship indices for 34 world cities exploiting the Global Entrepreneurship Monitor (GEM) Database 2001-2006. We investigate differences between the city-level and country-level for a selection of the indices. These exercises can be seen as initial tests of the ‘entrepreneurial advantage of cities.’ Based on the literature we expect that most indices will be higher for world cities, although exceptions are also plausible, for instance in world cities where the government resides. Our findings predominantly confirm the entrepreneurial advantage of world cities.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-063.

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Date of creation: 22 Aug 2008
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Handle: RePEc:jrp:jrpwrp:2008-063

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Keywords: entrepreneurship; world cities; entrepreneurial perceptions; entrepreneurial activity; urbanization; Global Entrepreneurship Monitor;

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Cited by:
  1. Roy Thurik & David Audretsch & F. Stam, 2011. "Unraveling the Shift to the Entrepreneurial Economy," Scales Research Reports H201113, EIM Business and Policy Research.
  2. Chantal Hartog & Brigitte Hoogendoorn & Sophie Bacq & Jan Lepoutre, 2011. "Social and commercial entrepreneurship: Exploring individual and organizational characteristics," Scales Research Reports H201110, EIM Business and Policy Research.
  3. Elsa de Morais Sarmento & Alcina Nunes, 2011. "Criação de empresas em Portugal e Espanha: análise comparativa com base nos dados do Banco Mundial," GEE Papers 0036, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação, revised May 2011.
  4. Palmberg, Johanna, 2013. "Spontaneous Orders and the Emergence of Economically Powerful Cities," Working Paper Series in Economics and Institutions of Innovation 310, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

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