期刊
PAPERS IN REGIONAL SCIENCE
卷 86, 期 3, 页码 367-391出版社
WILEY
DOI: 10.1111/j.1435-5957.2007.00129.x
关键词
new-firm survival; human capital; knowledge spillovers; entrepreneurship; labour market area
Motivated by differences in new-firm survival across regions, this paper explores the impact of regional human capital on new-firm survival rates. Newfirm survival is interpreted through formation rates of surviving versus closed firms in the service sector. By incorporating knowledge spillovers through a geographical variation model for Labour Market Areas, we empirically test the relationship between regional human capital stocks and new-firm survival. The expected positive relationship between regional human capital and new-firm survival is supported for the period 1993-1995, but is not as strong for the recession period 1990-1992. Controlling for human capital, the new-firm survival rate is negatively related to service sector specialisation and positively related to all-industry intensity, suggesting that city size and diversity may be an important determinant of new-firm survival in both periods.
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