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Explaining the regional distribution of new economy firms: a count data analysis

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  • Dohse, Dirk
  • Schertler, Andrea

Abstract

Although 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.

Suggested Citation

  • Dohse, Dirk & Schertler, Andrea, 2003. "Explaining the regional distribution of new economy firms: a count data analysis," Kiel Working Papers 1193, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1193
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    Cited by:

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    2. Schudy, Simeon, 2006. "Jüngere Entwicklungen auf dem Risikokapitalmarkt für Biotechnologie in Deutschland," Kiel Working Papers 1270, Kiel Institute for the World Economy (IfW Kiel).

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    More about this item

    Keywords

    new economy firms; regional distribution; venture capital; knowledge potential; count data analysis;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; 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
    • 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

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