Kiel Working Papers, Kiel Institute for World Economics
No 1193:
Explaining the Regional Distribution of New Economy Firms; A Count Data Analysis
Dirk Dohse and Andrea Schertler
Abstract: Although there is a host of literature on the locational
choice of traditional economy firms, relatively little is known about the
locational needs and preferences of new economy firms. Therefore, the
current paper provides an empirical analysis of the factors determining the
regional distribution of new economy firms in Germany. Using a count data
analysis, we find evidence that the number of firms listed in a particular
region depends positively on the region’s knowledge potential (as measured
by the number of patents or by the number of R&D employees) as well as on
the regional supply of venture capital.
Keywords: new economy firms, regional distribution, venture capital, knowledge potential, count data analysis; (follow links to similar papers)
JEL-Codes: R30,; R58,; O30,; C21,; G24; (follow links to similar papers)
29 pages, December 2003
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