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          Institute: MPI für Ökonomik     Collection: Entrepreneurship, Growth and Public Policy Group     Display Documents



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ID: 217967.0, MPI für Ökonomik / Entrepreneurship, Growth and Public Policy Group
Employment Growth and Entrepreneurial Activity in Cities
Authors:Acs, Zoltan; Armington, Catherine
Language:English
Place of Publication:Jena
Publisher:Max-Planck-Institut zur Erforschung von Wirtschaftssystemen
Date of Publication (YYYY-MM-DD):2004-03
Total Number of Pages:46
Title of Series:Papers on Entrepreneurship, Growth and Public Policy
Issue / Number:1304
Corporate Body (Series Editor):Max-Planck-Institut zur Erforschung von Wirtschaftssystemen
Review Status:Internal review
Audience:Not Specified
Abstract / Description:Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on employment growth in Local Market Areas. We find that differences in levels of entrepreneurial activity, diversity among geographically proximate industries, and the extent of human capital are positively associated with variation in growth rates, but the manufacturing sector appears to be an exception.
Free Keywords:economic growth; knowledge spillovers; entrepeneurship; industry diversity
Classification / Thesaurus:JEL Classification: O40; R11; M13; C8
External Publication Status:published
Document Type:Paper
Communicated by:David B. Audretsch
Affiliations:MPI zur Erforschung von Wirtschaftssystemen/Abteilung Entrepreneurship, Growth and Public Policy
Identifiers:ISSN:1613-8333
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