What Determines Entrepreneurial Clusters?

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dc.contributor.author GUISO, Luigi
dc.contributor.author SCHIVARDI, Fabiano
dc.date.accessioned 2007-11-02T11:25:42Z
dc.date.available 2007-11-02T11:25:42Z
dc.date.issued 2007
dc.identifier.issn 1725-6704
dc.identifier.uri http://hdl.handle.net/1814/7502
dc.description.abstract We 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 activity en
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher European University Institute
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2007/48 en
dc.rights info:eu-repo/semantics/openAccess
dc.subject D24 en
dc.subject D62 en
dc.subject J23 en
dc.subject Entrepreneurship en
dc.subject Clustering en
dc.subject Agglomeration economies en
dc.title What Determines Entrepreneurial Clusters? en
dc.type Working Paper en
dc.neeo.contributor GUISO|Luigi|aut|EUI70005
dc.neeo.contributor SCHIVARDI|Fabiano|aut|
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