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Location, Location, Location: Entrepreneurial Finance Meets Economic Geography

  • Emanuel Shachmurove

    ()

    (Independent)

  • Yochanan Shachmurove

    ()

    (Department of Economics,The City College of the City University of New YorkAuthor-Name:)

Economic Geography maintains that economic activities are not randomly distributed across space. This paper examines the impact of industrial and regional characteristics on venture capital activities in the United States from 1995 until 2009. The unique database allows for stratifications into seventeen industries within nineteen regions of the United States. This study affirms the significance of both Location and industry in venture capital investment. Both statistical and graphical methods are employed in order to better ascertain the dynamic nature of the data.

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File URL: http://economics.sas.upenn.edu/system/files/working-papers/10-030.pdf
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Paper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number 10-030.

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Length: 57 pages
Date of creation: 27 Aug 2010
Date of revision:
Handle: RePEc:pen:papers:10-030
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  1. J.Peter Neary, 2001. "Of Hype and Hyperbolas: Introducing the New Economic Geography," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 536-561, June.
  2. OTTAVIANO, Gianmarco & THISSE, Jacques-François, 2003. "Agglomeration and economic geography," CORE Discussion Papers 2003016, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. J. Barkley Rosser, 2009. "Introduction," Chapters, in: Handbook of Research on Complexity, chapter 1 Edward Elgar Publishing.
  4. Olga Alonso Villar, 2004. "The effects of transport costs revisited," Working Papers 0407, Universidade de Vigo, Departamento de Economía Aplicada.
  5. Karen Helene Midelfart-Knarvik & Henry G. Overman & Anthony Venables, 2003. "Monetary union and the economic geography of Europe," LSE Research Online Documents on Economics 582, London School of Economics and Political Science, LSE Library.
  6. Behrens, Kristian, 2005. "Market size and industry location: Traded vs non-traded goods," Journal of Urban Economics, Elsevier, vol. 58(1), pages 24-44, July.
  7. Brakman,Steven & Garretsen,Harry & van Marrewijk,Charles, 2009. "The New Introduction to Geographical Economics," Cambridge Books, Cambridge University Press, number 9780521698030, November.
  8. Head, Keith & Mayer, Thierry, 2003. "The Empirics of Agglomeration and Trade," CEPR Discussion Papers 3985, C.E.P.R. Discussion Papers.
  9. Yochanan Shachmurove & Uriel Spiegel, 2005. "A Monopoly Reason Why Autarky Might Be Best For A Large Country," Manchester School, University of Manchester, vol. 73(3), pages 269-280, 06.
  10. Venables, Anthony J, 1998. "The Assessment: Trade and Location," Oxford Review of Economic Policy, Oxford University Press, vol. 14(2), pages 1-6, Summer.
  11. Paul Krugman, 1990. "Increasing Returns and Economic Geography," NBER Working Papers 3275, National Bureau of Economic Research, Inc.
  12. Cumming, Douglas & Dai, Na, 2010. "Local bias in venture capital investments," Journal of Empirical Finance, Elsevier, vol. 17(3), pages 362-380, June.
  13. Wang, Susheng & Zhou, Hailan, 2004. "Staged financing in venture capital: moral hazard and risks," Journal of Corporate Finance, Elsevier, vol. 10(1), pages 131-155, January.
  14. Krugman, Paul, 1998. "What's New about the New Economic Geography?," Oxford Review of Economic Policy, Oxford University Press, vol. 14(2), pages 7-17, Summer.
  15. Shachmurove, Yochanan & Spiegel, Uriel, 1995. "On Nations' Size and Transportation Costs," Review of International Economics, Wiley Blackwell, vol. 3(2), pages 235-43, June.
  16. Yochanan Shachmurove, 2009. "Entrepreneurship in Oman," PIER Working Paper Archive 09-026, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  17. Masahisa Fujita & Paul Krugman, 2003. "The new economic geography: Past, present and the future," Economics of Governance, Springer, vol. 83(1), pages 139-164, October.
  18. Amir Shachmurove & Yochanan Shachmurove, 2004. "Annualized and Cumulative Returns on Venture-Backed Public Companies Categorized by Industry," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 9(3), pages 41-60, Fall.
  19. repec:spo:wpecon:info:hdl:2441/10191 is not listed on IDEAS
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