全球智库信息集成服务系统(G2TT): DP4892 The Economics of Books

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4892
	DP4892 The Economics of Books
	Frederick van der Ploeg; Jan C. van Ours; Marcel Canoy
发表日期	2005-02-23
出版年	2005
语种	英语
摘要	Since the early 1980s, the role and general perception of entrepreneurship and start-up activities has changed drastically. In this paper, we investigate what determines regions? entrepreneurial behaviour and the impact of it on regional economic performance. We argue that economic knowledge not only differs from traditional factors of production due to its public goods characteristic but it is also uncertain. With that perspective, the role of entrepreneurship is to take on the corresponding risk by starting up a new firm and thus to ?test? uncertain economic knowledge. This implies that knowledge spills over to the start-up firm and therefore entrepreneurship can be expected to have a positive impact on economic performance in a knowledge-based economy. We test this hypothesis using a production function approach. Using data on German regions, we estimate a two-equation system that regresses on both variables, entrepreneurship and economic performance, simultaneously, thus correcting for an endogeneity bias. We find a significant impact of entrepreneurship capital on economic output. On the other hand, spatially-specific entrepreneurship capital is shaped by regional-specific factors. However, the extent of this is different for knowledge based and non-knowledge based measures of entrepreneurship. We derive policy conclusions from our findings.
主题	Industrial Organization
关键词	Economic output Production function Three stage least squares Endogeneity bias entrepreneurship
URL	https://cepr.org/publications/dp4892
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533796
推荐引用方式 GB/T 7714	Frederick van der Ploeg,Jan C. van Ours,Marcel Canoy. DP4892 The Economics of Books. 2005.