Entrepreneurship, Geography, and American Economic Growth - Acs, Zoltan J.; Armington, Catherine
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Explains how economic growth spread through entrepreneurship in the United States in the 1990s.
The spillovers in knowledge among largely college-educated workers were among the key reasons for the impressive degree of economic growth and spread of entrepreneurship in the United States during the 1990s. Prior 'industrial policies' in the 1970s and 1980s did not advance growth because these were based on outmoded large manufacturing models. Zoltan Acs and Catherine Armington use a knowledge spillover theory of entrepreneurship to explain new firm formation rates in regional economies during…mehr

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Produktbeschreibung
Explains how economic growth spread through entrepreneurship in the United States in the 1990s.

The spillovers in knowledge among largely college-educated workers were among the key reasons for the impressive degree of economic growth and spread of entrepreneurship in the United States during the 1990s. Prior 'industrial policies' in the 1970s and 1980s did not advance growth because these were based on outmoded large manufacturing models. Zoltan Acs and Catherine Armington use a knowledge spillover theory of entrepreneurship to explain new firm formation rates in regional economies during the 1990s period and beyond. The fastest growing regions are those that have the highest rates of new firm formation, and which are not dominated by large businesses. The authors also find support for the thesis that knowledge spillovers move across industries and are not confined within a single industry. As a result, they suggest, regional policies to encourage and sustain growth should focus on entrepreneurship among other factors.

Table of contents:
1. Introduction; 2. Entrepreneurship and economic growth; 3. Regional variation in entrepreneurial activity; 4. Human capital and entrepreneurship; 5. Entrepreneurship and employment growth; 6. Summary and conclusions; 7. A formulation of entrepreneurship policy.
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Autorenporträt
Zoltan J. Acs is the Doris and Robert McCurdy Distinguished Professor of Entrepreneurship and Innovation in the Robert G. Merrick School of Business, University of Baltimore, and a Research Scholar at the Max-Planck Institute for Economics. Previously he was a Research Fellow at the U.S. Bureau of the Census and Chief Economist at the U.S. Small Business Administration. Professor Acs has published over 75 scholarly articles in leading academic journals and twenty books. His most recent publication is Innovation and the Growth of Cities (2002). He is the founder and editor of Small Business Economics, the leading international journal in entrepreneurship and the recipient of the 2001 Small Business and Entrepreneurship Research Award given by the Swedish Foundation for Small Business. Professor Acs's primary research interests are entrepreneurship, technological change and economic development.
Catherine Armington is a Research Fellow in the U.S. Bureau of the Census.