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Are creative metropolitan areas also entrepreneurial?

19 Jan 2011

We look at the relationship between the components of regional growth (growth from new businesses, expansion of existing businesses, growth from businesses moving into the region) and the relative level and amount of Creative Capital, measured using the creative class workforce. [...] In the case of net changes in employment, the number masks the sources of the change (births and deaths of businesses and the expansion or contraction of payrolls by existing businesses). [...] NETS measures the birth and death of establishments, and the change in employment associated with establishments’ births and deaths, the expansion and contraction of existing establishments, and the movement of establishments in and out of an area. [...] Given the highly skewed nature of regional size, the median values are much lower than the mean and reflect the smaller regions that make up the majority of the observations. [...] As with population, total regional employment numbers are highly skewed; however, taking either the share of the workforce in the creative class or the log of the total regional creative employment largely alleviates the problem.
education economics economy school entrepreneurship science and technology business economic geography economic growth employers employment entrepreneurs human capital labour mathematics metropolitan areas urban economics further education creativity regressions capital (economics) creative class creative thinking entrepreneurial growth dun & bradstreet d&b

Authors

Stolarick, Kevin

Pages
31
Published in
Canada

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