Public cluster policy and new venture creation

被引：1
作者：
Audretsch D.B. [1 ]
Lehmann E.E. [2 ,3 ]
Menter M. [3 ]
机构：
[1] Indiana University, School of Public and Environmental Affairs, Bloomington, 47405, IN
[2] CCSE, Faculty of Business and Economics, Bergamo
[3] University of Augsburg, Faculty of Business and Economics, Universitaetsstr. 16, Augsburg
来源：
Economia e Politica Industriale | 2016年 / 43卷 / 4期
关键词：
Knowledge spillovers; New venture creation; Public cluster policy;
D O I：
10.1007/s40812-016-0050-9
中图分类号：
学科分类号：
摘要：
Entrepreneurship polices are perceived as an effective means to shape regional development and facilitate innovation. However, empirical evidence on the full scope of public cluster policy and the associated impact on entrepreneurial engagement is scarce. This paper addresses this issue and investigates the impact of public cluster policy on new venture creation in Germany. Based on a unique dataset ranging from 1998 to 2012 encompassing all 150 German labor market regions, we examine the effects of the ‘Leading-Edge Cluster Competition’ on new venture creation. Applying treatment and difference-in-differences estimation techniques, we evaluate whether the treated cluster regions show different entrepreneurial performance paths compared to the control group, i.e. non-government-subsidized regions. Our results confirm that public cluster policies positively affect regional entrepreneurial activities, but only in part. The overall effect of governmental subsidization—the treatment effect—is rather low compared to the impact of local research intensive universities and the innovative milieu on new venture creation. © 2016, Associazione Amici di Economia e Politica Industriale.
引用
收藏
页码：357 / 381
页数：24
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