Rok wydania: 2021
Numer czasopisma: 1
Słowa kluczowe: Entrepreneurship, Employment Growth, Region
Strony: 24-33
Język publikacji: Angielski
Entrepreneurship and Regional Growth Regimes in the United States
Abstrakt
We investigate
regional growth regimes in the US states from 1980 to 2014. Based on start-up
rates and employment growth as suggested by Audretsch and Fritsch (2002), we
classify states into routinized, entrepreneurial, revolving door, and
downsizing regimes. The results indicate that there was no significant
association between start-up rates and employment growth in the 1980s, but a
positive relationship in the 1990s, 2000s, and 2010s. Further, we document that
the entrepreneurial and the downsizing regimes are attractor regimes that tend
to stick, whereas the routinized and revolving door regimes are transitionary
regimes. Importantly, states in the routinized regime predominantly move to the
downsizing regime, suggesting that an over-reliance on established companies
relative to start-ups in the state may threaten employment growth in the long
run.
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