Entrepreneurship, Geography, and American Economic Growth Zoltan J. Acs

ISBN: 9780521843225

Published: June 1st 2006

Hardcover

250 pages


Description

Entrepreneurship, Geography, and American Economic Growth  by  Zoltan J. Acs

Entrepreneurship, Geography, and American Economic Growth by Zoltan J. Acs
June 1st 2006 | Hardcover | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 250 pages | ISBN: 9780521843225 | 9.13 Mb

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 1970sMoreThe 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 of this 2006 text 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.



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