Explaining the Regional Distribution of New Economy Firms � A Count Data Analysis
AbstractAlthough there is a host of literature on the locational choice of traditional economy firms, relatively little is known about the locational needs and preferences of new economy firms. Therefore, the current paper provides an empirical analysis of the factors determining the regional distribution of new economy firms in Germany. Using a count data analysis, we find evidence that the number of firms listed in a particular region depends positively on the region’s knowledge potential (as measured by the number of patents or by the number of R&D employees) as well as on the regional supply of venture capital.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1193.
Length: 29 pages
Date of creation: Dec 2003
Date of revision:
new economy firms; regional distribution; venture capital; knowledge potential; count data analysis;
Find related papers by JEL classification:
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-04-11 (All new papers)
- NEP-CFN-2004-04-11 (Corporate Finance)
- NEP-ENT-2004-04-11 (Entrepreneurship)
- NEP-GEO-2004-04-11 (Economic Geography)
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