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dc.contributor.authorGUISO, Luigi
dc.contributor.authorSCHIVARDI, Fabiano
dc.date.accessioned2007-11-02T11:25:42Z
dc.date.available2007-11-02T11:25:42Z
dc.date.issued2007
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/7502
dc.description.abstractWe contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow for heterogeneous entry costs and for externalities that shift the distribution of entrepreneurial talents. We show that these assumptions have opposite predictions on the relation between entrepreneurial activity and firm level TFP: with different entry costs, in areas with more entrepreneurs firms.average productivity should be lower and vice versa. We test these implications on a sample of Italian .rms and unambiguously reject the entry costs explanation in favor of the externalities one. We also investigate the sources of external effects, finding robust evidence that learning externalities are an important determinant of cross-sectional differences in entrepreneurial activityen
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2007/48en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectD24en
dc.subjectD62en
dc.subjectJ23en
dc.subjectEntrepreneurshipen
dc.subjectClusteringen
dc.subjectAgglomeration economiesen
dc.titleWhat Determines Entrepreneurial Clusters?en
dc.typeWorking Paperen
dc.neeo.contributorGUISO|Luigi|aut|EUI70005
dc.neeo.contributorSCHIVARDI|Fabiano|aut|
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