English, Article, Journal or magazine article edition: Demography and Innovative Entrepreneurship Werner Bönte; Oliver Falck; Stephan Heblich

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Bookmark: http://trove.nla.gov.au/version/1074
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Demography and Innovative Entrepreneurship
Author
  • Werner Bönte
  • Oliver Falck
  • Stephan Heblich
Physical Description
  • preprint
Notes
  • RePEc:jrp:jrpwrp:2007-084
  • Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual’s decision to start a business is determined by his or her age and, therefore, that a change in a region’s age distribution affects the expected number of startups in the region. Using German regional data, we estimate a count-data model and find that the expected number of startups is positively influenced by the fraction of individuals of working age—20–64 years old. A more detailed analysis of the working-age distribution suggests that startups in knowledge-based (high-tech) manufacturing industries are affected by changes in this distribution whereas firms in other industries are not. In particular, increases in the fraction of individuals in the 20–30 age range and individuals in the 40–50 age range have a positive effect on the number of high-tech startups.
  • demography, age distribution, entrepreneurship, innovation, region
  • RePEc:ces:ceswps:_2115
Language
  • English
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