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EXPANDING THE NOTION OF ENTREPRENEURSHIP CAPITAL IN AMERICAN COUNTIES: A PANEL DATA ANALYSIS 2002–07

Arkansas State University, College of Business, Department of Management and Marketing, P.O. Box 59, State University, AR 72467, USA

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KAUSTAV MISRA

College of Business and Management, Saginaw Valley State University, 326 Curtis Hall, Department of Economics, 7400 Bay Road, University Center MI 48710, USA

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, and

ESRA MEMILI

Department of Business Administration, Bryan School of Business and Economics, University of North Carolina at Greensboro, P.O. Box 26170, Greensboro, NC 27402-6170, USA

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https://doi.org/10.1142/S108494671250015XCited by:3 (Source: Crossref)

Abstract

Entrepreneurship capital refers to the factors of a region that drives new businesses (Audretsch and Keilbach, 2004). This study considers industry growth and performance in manufacturing, retail and service as components of entrepreneurship capital to drive the long-term growth of new establishments. Using a panel data of 2,940 counties from 2002–2007, our results support the notion that the overall new venture activity is benefited by the industry growth and performance. Future research directions and practical implications are also discussed.

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