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Entrepreneurship, Growth, and Regional Growth Regimes

  • Michael Fritsch
  • Sandra Kublina
Chapter
Part of the Applying Quality of Life Research book series (BEPR)

Abstract

We distinguish four types of regional growth regimes based on the relationship between new business formation and economic development. The distinguishing characteristics of these regime types are analyzed in order to identify the reasons for different growth performance. Although growth regimes are highly persistent over time, typical transition patterns between regime types can be identified. We explain these patterns and draw conclusions for policy. The evidence clearly suggests that entrepreneurship is a key driver of economic development and one that has long-run effects on regional economic well-being.

Keywords

Entrepreneurship New business formation Economic development Regional growth regimes 

JEL Classification

L26 R11 O11 

Notes

Acknowledgment

The research was partially supported by the German Science Foundation (DFG RTG 1411).

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Friedrich Schiller University JenaJenaGermany

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