Entrepreneurship, information, and growth

Devin Bunten; Stephan Weiler; Eric Thompson; Sammy Zahran

doi:10.1111/jors.12157

Entrepreneurship, information, and growth

Devin Bunten, Stephan Weiler, Eric Thompson, Sammy Zahran

Economics

Research output: Contribution to journal › Article › peer-review

34 Scopus citations

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 language	English (US)
Pages (from-to)	560-584
Number of pages	25
Journal	Journal of Regional Science
Volume	55
Issue number	4
DOIs	https://doi.org/10.1111/jors.12157
State	Published - Sep 1 2015

ASJC Scopus subject areas

Development
Environmental Science (miscellaneous)

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10.1111/jors.12157

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Entrepreneurship, information, and growth

Abstract

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