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High-Tech Immigrant Entrepreneurship in the U.S

Author

Listed:
  • David M. Hart

    (School of Public Policy, George Mason University)

  • Zoltan J. Acs

    (School of Public Policy, George Mason University and Max Planck Institute of Economics, Jena)

  • Spencer Tracy

    (Corporate Research Board)

Abstract

In this study, we quantify the role of foreign-born founders in high-tech entrepreneurship in a nationally representative sample of rapidly growing "high-impact" companies. This class of companies drives job creation and aggregate growth in the U.S. We find that, while most previous studies have overstated this role, it is nonetheless very important. For instance, about 16% of the companies in our sample had at least one foreign-born person among their founding teams, and these high-tech companies display better performance in some respects than high-tech companies in our sample whose founders were all native-born. We also provide a profile of high-tech immigrant entrepreneurs. The vast majority are strongly rooted in the U.S., highlighting the need to build a coherent pathway to permanent status for highly-skilled immigrants.

Suggested Citation

  • David M. Hart & Zoltan J. Acs & Spencer Tracy, 2009. "High-Tech Immigrant Entrepreneurship in the U.S," Jena Economic Research Papers 2009-061, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2009-061
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    File URL: http://zs.thulb.uni-jena.de/receive/jportal_jparticle_00153634
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    Cited by:

    1. Yaron Zelekha, 2013. "The Effect of Immigration on Entrepreneurship," Kyklos, Wiley Blackwell, vol. 66(3), pages 438-465, August.

    More about this item

    Keywords

    Immigrant entrepreneurs; High Tech; High Impact Firms; Entrepreneurship;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • F2 - International Economics - - International Factor Movements and International Business

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