Does related variety foster regional entrepreneurship? Evidence from European regions

Several studies have identified positive effects of related variety among a region's economic sectors on employment growth. However, the exact mechanisms through which knowledge spillovers between related sectors translate into employment growth are yet to be demonstrated. Entrepreneurship may...

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Bibliographic Details
Published inRegional studies Vol. 53; no. 11; pp. 1531 - 1543
Main Authors Content, Jeroen, Frenken, Koen, Jordaan, Jacob A.
Format Journal Article
LanguageEnglish
Published Cambridge Routledge 02.11.2019
Taylor & Francis Ltd
Subjects
Capitalism
Economic conditions
Economic models
Economic sectors
Employment
Entrepreneurs
Entrepreneurship
Global Entrepreneurship Monitor
institutions
Regional analysis
regional growth
Regional variations
related variety
Spillover effect
varieties of capitalism
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Summary:Several studies have identified positive effects of related variety among a region's economic sectors on employment growth. However, the exact mechanisms through which knowledge spillovers between related sectors translate into employment growth are yet to be demonstrated. Entrepreneurship may be a possible transmission mechanism via which spillovers lead to the creation of new jobs. In this paper, we analyze novel pan-European regional survey data that distinguishes between opportunity- and necessity-driven entrepreneurs and we find that related variety has a positive effect on opportunity-driven entrepreneurship. In addition, we also find that different 'varieties of capitalism' influence regional entrepreneurship.
ISSN:0034-3404
1360-0591
DOI:10.1080/00343404.2019.1595565