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Home > Catalogue > Entrepreneurship, Geography, and American Economic Growth
Entrepreneurship, Geography, and American Economic Growth
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  • Page extent: 264 pages
  • Size: 216 x 138 mm
  • Weight: 0.56 kg

Library of Congress

  • Dewey number: 338/.040973
  • Dewey version: 22
  • LC Classification: HB615 .A32 2006
  • LC Subject headings:
    • Entrepreneurship--United States
    • New business enterprises--United States
    • Industrial location--United States
    • United States--Economic conditions

Library of Congress Record

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 (ISBN-13: 9780521843225 | ISBN-10: 0521843227)

DOI: 10.2277/0521843227

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 17:01 GMT, 26 November 2015)


The spillovers in knowledge among largely college-educated workers were among the key reasons for the impressive degree of economic growth and spread of entrepreneurship in the United States during the 1990s. Prior 'industrial policies' in the 1970s and 1980s did not advance growth because these were based on outmoded large manufacturing models. Zoltan Acs and Catherine Armington use a knowledge spillover theory of entrepreneurship to explain new firm formation rates in regional economies during the 1990s period and beyond. The fastest-growing regions are those that have the highest rates of new firm formation, and which are not dominated by large businesses. The authors of this text also find support for the thesis that knowledge spillovers move across industries and are not confined within a single industry. As a result, they suggest, regional policies to encourage and sustain growth should focus on entrepreneurship among other factors.

• Internationally known senior author on entrepreneurship and economic growth • Was the first book entirely devoted to explaining how entrepreneurship stimulates economic growth at regional level • Draws on US Bureau of the Census data in unique fashion; lessons may be applied outside the US


1. Introduction; 2. Entrepreneurship and economic growth; 3. Regional variation in entrepreneurial activity; 4. Human capital and entrepreneurship; 5. Entrepreneurship and employment growth; 6. Summary and conclusions; 7. A formulation of entrepreneurship policy.

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