Regional entrepreneurship capital and firm production

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5 Citations (Scopus)


© 2017, Springer Science+Business Media New York. Certain theories suggest that the capacity of a region to generate new firms, called entrepreneurship capital, has positive spillover effects on the production of the firms in that region. Evidence generated with aggregated data at the regional level supports this prediction. This paper argues that, using aggregated data at the regional level, entrepreneurship capital could be correlated with regional production even if entrepreneurship capital has no spillover effects on firm production. This will not be the case when data at the firm level are used. This paper provides evidence from a sample of 11,276 Spanish firms during the 2004–2012 period. Positive spillovers are estimated in between effects models, but such spillovers are only found in technological firms when within effects models have been estimated. Thus, the regional entrepreneurship capital spillovers are unclear when data at the firm level are used. Plausible interpretations and implications are discussed.
Original languageEnglish
Pages (from-to)595-607
JournalSmall Business Economics
Publication statusPublished - 5 Apr 2017


  • Entrepreneurship capital
  • Panel data
  • Production function
  • Production spillovers
  • Regional growth


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