Entrepreneurship capital and regional productivity revisited
Massón-Guerra, José Luis (Universitat Autònoma de Barcelona)
Ortín Ángel, Pedro 1968 (Universitat Autònoma de Barcelona)

Data:	2017
Resum:	Public 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 by the aforesaid 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 both effects. The analysis conducted using a sample of 52 Spanish provinces over eleven years confirms the presence of decreasing returns to scale. Therefore, the previous literature could have overestimated the spillovers of regional entrepreneurship capital on firms' production.
Ajuts:	Ministerio de Economía y Competitividad ECO2013-48496-C4-4-R
Drets:	Tots els drets reservats.
Llengua:	Anglès
Document:	Article ; recerca ; Versió publicada
Matèria:	Entrepreneurship capital ; Regional productivity ; Scale economies
Publicat a:	Revista de economía aplicada, Vol. 25 Núm. 73 (2017) , p. 1-12, ISSN 1133-455X

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12 p, 82.7 KB

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