By Charlie Karlsson, Borje Johansson, Roger R. Stough
Local monetary improvement has skilled enormous dynamism over fresh years. might be the main extraordinary instances have been the increase of China and India to emergent kingdom prestige by way of the flip of the millennium. With time now for hindsight, this e-book identifies many of the key forces in the back of those improvement successes, particularly agglomeration, clusters and entrepreneurship.
The professional participants discover those 3 forces, which shape the root of a lot scholarly paintings in new fiscal geography and endogenous development idea and coverage. the following, lecturers from throughout Europe, North the United States, Asia and Australia reflect on the position of agglomeration, clusters and entrepreneurship in local fiscal improvement inside an international industry context.
The booklet offers reliable conceptual and methodological contributions to the transforming into physique of data that extends those theoretical options, and prescribes coverage and useful purposes. appropriate case stories underpin the precise empirical analyses.
Academics, scholars, researchers and policymakers within the fields of entrepreneurship, local improvement and neighborhood technological know-how will locate this publication to be an enlightening read.
Contributors: L. Achtenhagen, J. Bastesen, I. Bernhard, N. Carbonara, T.L. Clower, G.A.S. prepare dinner, I. Giannoccaro, L. Iandoli, H. Jeong, B. Johannson, C. Karlsson, okay. Kobayashi, S. Koster, A. Manduchi, E. Marchione, M. Markantoni, L. Naldi, ok. Nyström, M. Onishi, N.R. Pandit, R. Picard, C. Ponsiglione, T.-K. Shyy, C. music, R.J. Stimson, R.R. Stough, D. Strijker, E. Vatne, B.L. Weinstein, E. Wihlborg, G. Zollo
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Additional resources for Agglomeration, Clusters and Entrepreneurship: Studies in Regional Economic Development
3 gives parameter estimation and statistical fit information for the application of the general model. From the information in the table, some underlying factors capable of affecting regional endogenous economic growth could be specified and explained. 1. 55. Thus about 55 percent of the variance in the dependent variable was explained by the final general OLS regression model, which included 11 statistically significant explanatory variables. 3 OLS general model results for the US MSA application Intercept POP_CH BACH_00 DOCT_00 LQGOV_98 INPERS_99 INPERS_CH LGOVEM_CH EM1_4_CH EM5_9_CH POPDUM_2 POPDUM_3 Coef.
The percent changes in local government expenditure and employment between 1997 and 2002 were also calculated. Therefore four variables were created: the log of local government direct general expenditure per capita (dollars) in 1997 (LGOVEX_97), the log of local government employment in 1997 (LGOVEM_97), the percent change in local government expenditure per capita between 1997 and 2002 (LGOVEX_CH) and the percent change in local government employment between 1997 and 2002 (LGOVEM_CH). The log here was used to control the scale and outliers.
A study by High (2004) estimated that during the period from Differentials in endogenous regional employment growth in the US 25 1990 to 1999 45 percent of the total value added in the manufacturing sector in the US was contributed by entrepreneurial manufacturing enterprises (that is, new growth ventures). Furthermore, work by Stough et al. (2002) created a conceptual entrepreneurial fountain model in which launched ventures go through the stages of entrepreneurial turbulence, idea development, resource development and acquisition, business plan, and capitalization.