ENTREPRENEURSHIP CAPITAL AND REGIONAL PRODUCTIVITY REVISITED
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad de Zaragoza
2017
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| _version_ | 1876484822910631936 |
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| author | JOSÉ LUIS MASSÓN-GUERRA |
| author_facet | JOSÉ LUIS MASSÓN-GUERRA |
| contents | ENTREPRENEURSHIP CAPITAL AND REGIONAL PRODUCTIVITY REVISITED JOSÉ LUIS MASSÓN-GUERRA PEDRO ORTÍN-ÁNGEL Economía y Finanzas scale economies regional productivity Entrepreneurship capital Government intervention to foster entrepreneurship has been justified by the positive spillovers that regional entrepreneurship capital could have on firms’ productivity. The available evidence shows a positive relationship between entrepreneurship capital measures and regional production. This paper argues that this evidence could be explained not only by said spillovers but also by the presence of decreasing returns to scale in firms’ production technology. The paper provides a simple methodological benchmark for distinguishing between and measuring the two effects. The analysis conducted using a sam- ple of 52 Spanish provinces over 11 years confirms the presence of decrea- sing returns to scale. Therefore, the previous literature could have overesti- mated the spillovers of regional entrepreneurship capital on firms’ production. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96950904005 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.73 Vol.XXV |
| format | Artículo científico |
| id | redalyc_96950904005 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Universidad de Zaragoza |
| spellingShingle | ENTREPRENEURSHIP CAPITAL AND REGIONAL PRODUCTIVITY REVISITED JOSÉ LUIS MASSÓN-GUERRA Economía y Finanzas scale economies regional productivity Entrepreneurship capital ENTREPRENEURSHIP CAPITAL AND REGIONAL PRODUCTIVITY REVISITED JOSÉ LUIS MASSÓN-GUERRA PEDRO ORTÍN-ÁNGEL Economía y Finanzas scale economies regional productivity Entrepreneurship capital Government intervention to foster entrepreneurship has been justified by the positive spillovers that regional entrepreneurship capital could have on firms’ productivity. The available evidence shows a positive relationship between entrepreneurship capital measures and regional production. This paper argues that this evidence could be explained not only by said spillovers but also by the presence of decreasing returns to scale in firms’ production technology. The paper provides a simple methodological benchmark for distinguishing between and measuring the two effects. The analysis conducted using a sam- ple of 52 Spanish provinces over 11 years confirms the presence of decrea- sing returns to scale. Therefore, the previous literature could have overesti- mated the spillovers of regional entrepreneurship capital on firms’ production. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96950904005 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.73 Vol.XXV |
| title | ENTREPRENEURSHIP CAPITAL AND REGIONAL PRODUCTIVITY REVISITED |
| topic | Economía y Finanzas scale economies regional productivity Entrepreneurship capital |
| url | https://www.redalyc.org/articulo.oa?id=96950904005 |