IDEAS home Printed from https://ideas.repec.org/a/oup/jecgeo/v20y2020i4p1069-1092..html
   My bibliography  Save this article

Crowdfunding in a not-so-flat world
[Do colleges and universities increase their region’s human capital?]

Author

Listed:
  • Shiri M Breznitz
  • Douglas S Noonan

Abstract

This article analyzes the geographic clustering of crowdfunding (CF) activity across two countries at the city level. We find that the ability of Kickstarter projects to attract funding or backers is spikier than the simple number of projects, suggesting that while the locations of Kickstarter projects are not as clustered, projects that are able to recruit funding are clustering. In addition, we find that digital media (DM) projects cluster more than Local projects. Yet, once we control for the pre-existing geographic distribution of population and economic activity, we find more complex patterns of geographic clustering. The spatial clustering of total Kickstarter funds raised is largely explained by the population and economic activity controls. Conditional on those controls, funds raised for DM projects do spatially cluster, while funds raised for Local projects exhibit significant dispersion. Funding and number of backers cluster for DM projects, above and beyond the prior concentration of socioeconomic and employment factors. Conversely, our results suggest CF can reduce or flatten the spikiness of fundraising for local projects. The world was already spiky, and it is a bit less so thanks to CF platforms like Kickstarter.

Suggested Citation

  • Shiri M Breznitz & Douglas S Noonan, 2020. "Crowdfunding in a not-so-flat world [Do colleges and universities increase their region’s human capital?]," Journal of Economic Geography, Oxford University Press, vol. 20(4), pages 1069-1092.
    • Handle: RePEc:oup:jecgeo:v:20:y:2020:i:4:p:1069-1092.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jeg/lbaa008
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. V. I. Blanutsa, 2022. "Geographic Research of the Platform Economy: Existing and Potential Approaches," Regional Research of Russia, Springer, vol. 12(2), pages 133-142, June.
    2. Wachs, Johannes & Vedres, Balázs, 2021. "Does crowdfunding really foster innovation? Evidence from the board game industry," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    3. Douglas S. Noonan & Shiri M. Breznitz & Sana Maqbool, 2021. "Looking for a change in scene: analyzing the mobility of crowdfunding entrepreneurs," Small Business Economics, Springer, vol. 57(2), pages 685-703, August.
    4. Douglas S. Noonan & Joanna Woronkowicz & Jessica Sherrod Hale, 2021. "More than STEM: spillovers from higher education institution infrastructure investments in the arts," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1784-1813, December.
    5. Douglas S. Noonan & Shiri M. Breznitz & Sana Maqbool, 2021. "Flocking to the crowd: Cultural entrepreneur mobility guided by homophily, market size, or amenities?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 45(4), pages 577-611, December.
    6. Christian Handke & Carolina Dalla Chiesa, 2022. "The art of crowdfunding arts and innovation: the cultural economic perspective," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(2), pages 249-284, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jecgeo:v:20:y:2020:i:4:p:1069-1092.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/joeg .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.