Regional entrepreneurship capital and firm production
Massón-Guerra, José Luis (Universitat Autònoma de Barcelona. Departament d'Empresa)
Ortín Ángel, Pedro 1968 (Universitat Autònoma de Barcelona. Departament d'Empresa)

Data:	2017
Resum:	Certain theories suggest that the capacity of a region to generate new firms, called entrepreneurship capital, has positive spillover effects on the production of the firms in that region. Evidence generated with aggregated data at the regional level supports this prediction. This paper argues that, using aggregated data at the regional level, entrepreneurship capital could be correlated with regional production even if entrepreneurship capital has no spillover effects on firm production. This will not be the case when data at the firm level are used. This paper provides evidence from a sample of 11,276 Spanish firms during the 2004-2012 period. Positive spillovers are estimated in between effects models, but such spillovers are only found in technological firms when within effects models have been estimated. Thus, the regional entrepreneurship capital spillovers are unclear when data at the firm level are used. Plausible interpretations and implications are discussed.
Drets:	Tots els drets reservats.
Llengua:	Anglès
Document:	Article ; recerca ; Versió acceptada per publicar
Matèria:	Entrepreneurship capital ; Regional growth ; Production spillovers ; Production function ; Panel data
Publicat a:	Small business economics, April 2017, ISSN 1573-0913

DOI: 10.1007/s11187-017-9851-0

Post-print 24 p, 979.2 KB

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