Entrepreneurship, information, and growth

Devin Bunten, Stephan Weiler, Eric C Thompson, Sammy Zahran

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

We examine the contribution to economic growth of entrepreneurial marketplace information within a regional endogenous growth framework. Entrepreneurs are posited to provide an input to economic growth through the information revealed by their successes and failures. We empirically identify this information source with the regional variation in establishment births and deaths. To account for the potential endogeneity caused by forward-looking entrepreneurs, we utilize instruments based on historic mining activity. We find that the information spillover component of local establishment birth and death rates have significant positive effects on subsequent entrepreneurship and employment growth for U.S. counties and metropolitan areas.

Original languageEnglish (US)
Pages (from-to)560-584
Number of pages25
JournalJournal of Regional Science
Volume55
Issue number4
DOIs
StatePublished - Sep 1 2015

Fingerprint

entrepreneurship
entrepreneur
economic growth
endogenous growth
metropolitan area
employment trend
birth rate
death rate
regional difference
agglomeration area
death

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Development

Cite this

Entrepreneurship, information, and growth. / Bunten, Devin; Weiler, Stephan; Thompson, Eric C; Zahran, Sammy.

In: Journal of Regional Science, Vol. 55, No. 4, 01.09.2015, p. 560-584.

Research output: Contribution to journalArticle

Bunten, Devin ; Weiler, Stephan ; Thompson, Eric C ; Zahran, Sammy. / Entrepreneurship, information, and growth. In: Journal of Regional Science. 2015 ; Vol. 55, No. 4. pp. 560-584.
@article{2d7bb3253de24cdfb9858a54fda2adbb,
title = "Entrepreneurship, information, and growth",
abstract = "We examine the contribution to economic growth of entrepreneurial marketplace information within a regional endogenous growth framework. Entrepreneurs are posited to provide an input to economic growth through the information revealed by their successes and failures. We empirically identify this information source with the regional variation in establishment births and deaths. To account for the potential endogeneity caused by forward-looking entrepreneurs, we utilize instruments based on historic mining activity. We find that the information spillover component of local establishment birth and death rates have significant positive effects on subsequent entrepreneurship and employment growth for U.S. counties and metropolitan areas.",
author = "Devin Bunten and Stephan Weiler and Thompson, {Eric C} and Sammy Zahran",
year = "2015",
month = "9",
day = "1",
doi = "10.1111/jors.12157",
language = "English (US)",
volume = "55",
pages = "560--584",
journal = "Journal of Regional Science",
issn = "0022-4146",
publisher = "Wiley-Blackwell",
number = "4",

}

TY - JOUR

T1 - Entrepreneurship, information, and growth

AU - Bunten, Devin

AU - Weiler, Stephan

AU - Thompson, Eric C

AU - Zahran, Sammy

PY - 2015/9/1

Y1 - 2015/9/1

N2 - We examine the contribution to economic growth of entrepreneurial marketplace information within a regional endogenous growth framework. Entrepreneurs are posited to provide an input to economic growth through the information revealed by their successes and failures. We empirically identify this information source with the regional variation in establishment births and deaths. To account for the potential endogeneity caused by forward-looking entrepreneurs, we utilize instruments based on historic mining activity. We find that the information spillover component of local establishment birth and death rates have significant positive effects on subsequent entrepreneurship and employment growth for U.S. counties and metropolitan areas.

AB - We examine the contribution to economic growth of entrepreneurial marketplace information within a regional endogenous growth framework. Entrepreneurs are posited to provide an input to economic growth through the information revealed by their successes and failures. We empirically identify this information source with the regional variation in establishment births and deaths. To account for the potential endogeneity caused by forward-looking entrepreneurs, we utilize instruments based on historic mining activity. We find that the information spillover component of local establishment birth and death rates have significant positive effects on subsequent entrepreneurship and employment growth for U.S. counties and metropolitan areas.

UR - http://www.scopus.com/inward/record.url?scp=84941170616&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84941170616&partnerID=8YFLogxK

U2 - 10.1111/jors.12157

DO - 10.1111/jors.12157

M3 - Article

VL - 55

SP - 560

EP - 584

JO - Journal of Regional Science

JF - Journal of Regional Science

SN - 0022-4146

IS - 4

ER -