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Regional systems of entrepreneurship: the nexus of human capital, knowledge and new firm formation

Qian, Haifeng, Acs, Zoltan J. and Stough, Roger R. (2013) Regional systems of entrepreneurship: the nexus of human capital, knowledge and new firm formation. Journal of Economic Geography, 13 (4). pp. 559-587. ISSN 1468-2702

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Abstract

This article focuses on entrepreneurship in economic geography and aims at a systematic investigation of regional variation in knowledge-based entrepreneurial activity. We develop and test a three-phase structural model for regional systems of entrepreneurship after introducing a systems approach to entrepreneurship. The model is built upon the absorptive capacity theory of knowledge spillover entrepreneurship that identifies new knowledge as one source of entrepreneurial opportunities and human capital as the major source of entrepreneurial absorptive capacity. Based on data of US metropolitan areas, we find that entrepreneurial absorptive capacity is a critical driving force for knowledge-based entrepreneurial activity. We also find that high technology and cultural diversity contribute to the vibrancy of regional systems of entrepreneurship.

Item Type: Article
Official URL: http://joeg.oxfordjournals.org/
Additional Information: © 2013 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: L - Industrial Organization > L0 - General
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O31 - Innovation and Invention: Processes and Incentives
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 09 Apr 2014 12:49
URL: http://eprints.lse.ac.uk/56453/

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