Abstract
This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead to amplified innovations by diminishing the knowledge filter? The results illustrate how new businesses can be viewed as either mayflies or longdistance runners.
Dokumententyp: | Paper |
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Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > CESifo-Professur für Empirische Innovationsökonomik |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
JEL Classification: | L16, M13, O31, O41 |
Sprache: | Englisch |
Dokumenten ID: | 20479 |
Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014, 08:59 |
Letzte Änderungen: | 29. Apr. 2016, 09:17 |
Alle Versionen dieses Dokumentes
- Mayflies and long-distance runners: The effects of new business formation on industry growth. (deposited 15. Apr. 2014, 08:59) [momentan angezeigt]