Space-time analysis of high technology entrepreneurship: A comparison of California and New England

摘要

Entrepreneurship or new firm formation has been recognized as one of the major driving forces behind regional economic development. This study focuses on high technology entrepreneurship in California and New England, two of the most entrepreneurial regions in the United States. We compare and contrast the spatial-temporal patterns of high technology entrepreneurship at the county level in these two regions. Further, we run spatial panel regressions to identify locational factors associated with high technology startup activity and find heterogeneous results between California and New England. The spatial panel regression results reported in this research are also different from cross-sectional studies in the literature, addressing the need for integrating the temporal dimension in regional studies of entrepreneurship. Policy implications are discussed based on empirical findings.