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The Role of Knowledge

In: Regional Trajectories of Entrepreneurship, Knowledge, and Growth

Author

Listed:
  • Michael Fritsch

    (Friedrich Schiller University Jena)

  • Michael Wyrwich

    (University of Groningen)

Abstract

We investigate the role played by an entrepreneurship culture and the historical knowledge base of a region in current levels of new business formation in innovative industries. The analysis is for German regions and covers the years 1907–2016. We find a pronounced positive relationship between high levels of historical self-employmentHistorical self-employment in science-based industriesIn science-based industries and new business formation in innovative industries today. This long-term legacy effect of an entrepreneurial tradition indicates the prevalence of a regional culture of entrepreneurship. Moreover, local presence and geographic proximity to a technical universityTechnical university founded before the year 1900 is positively related to the level of innovative start-upsStart-ups more than a century later. The results show that a considerable part of the knowledge that constitutes an important source of entrepreneurial opportunitiesEntrepreneurialopportunities is deeply rooted in history. We draw conclusions for policy and for further research.

Suggested Citation

  • Michael Fritsch & Michael Wyrwich, 2019. "The Role of Knowledge," International Studies in Entrepreneurship, in: Regional Trajectories of Entrepreneurship, Knowledge, and Growth, chapter 0, pages 95-117, Springer.
    • Handle: RePEc:spr:inschp:978-3-319-97782-9_7
    DOI: 10.1007/978-3-319-97782-9_7
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    Citations

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    Cited by:

    1. Nicholas Kacher & Luke Petach, 2021. "Boon or Burden? Evaluating the Competing Effects of House-Price Shocks on Regional Entrepreneurship," Economic Development Quarterly, , vol. 35(4), pages 287-304, November.
    2. Michael Fritsch & Sandra Kublina, 2019. "Persistence and change of regional new business formation in the national league table," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 891-917, July.
    3. Vaillant, Yancy & Lafuente, Esteban & Vendrell-Herrero, Ferran, 2023. "Assessment of industrial pre-determinants for territories with active product-service innovation ecosystems," Technovation, Elsevier, vol. 119(C).
    4. Mingyu Zhao & Jianguo Liu, 2021. "Study on Spatial Structure Characteristics of the Tourism and Leisure Industry," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    5. Michael Fritsch & Michael Wyrwich, 2022. "Initial conditions and regional performance in the aftermath of disruptive shocks: the case of East Germany after socialism [The knowledge spillover theory of entrepreneurship]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(6), pages 1428-1459.
    6. Michael Wyrwich & Michael Fritsch, 2023. "How does Regional Entrepreneurship Transfer over Time? The Role of Household Size and Economic Success," Jena Economics Research Papers 2023-006, Friedrich-Schiller-University Jena.
    7. Wim Coreynen & Arjen van Witteloostuijn & Johanna Vanderstraeten, 2021. "Toward Servitized Research: An Integrated Approach for Sustainable Product-Service Innovation," Sustainability, MDPI, vol. 13(15), pages 1-21, July.
    8. Jens Horbach, 2020. "The Importance of regional Spill-over Effects for Eco-Innovations in German Start-ups," SEEDS Working Papers 1620, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Dec 2020.
    9. N. A. Kravchenko & S. R. Khalimova & A. I. Ivanova, 2021. "Regional Factors in the Development of the ICT Sector in Russia," Regional Research of Russia, Springer, vol. 11(1), pages 91-100, January.
    10. Jeroen Content & Nicola Cortinovis & Koen Frenken & Jacob Jordaan, 2022. "The roles of KIBS and R&D in the industrial diversification of regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 68(1), pages 29-64, February.
    11. Nobuo Kobayashi & Takeshi Mori, 2022. "An Empirical Study on the Relationship of Regional Entrepreneurial Activities and Utilization of Digital Technology in Knowledge-Intensive Business Services (KIBS)," Discussion Paper Series 234, School of Economics, Kwansei Gakuin University.
    12. Nicholas Kacher, 2021. "Regional trajectories of entrepreneurship, knowledge, and growth: The role of history and culture," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2713-2715, December.
    13. Lombardi, Silvia & Santini, Erica & Vecciolini, Claudia, 2022. "Drivers of territorial servitization: An empirical analysis of manufacturing productivity in local value chains," International Journal of Production Economics, Elsevier, vol. 253(C).
    14. Bijedić, Teita & Butkowski, Olivier K. & Kay, Rosemarie & Suprinovič, Olga, 2020. "Bestimmungsfaktoren des regionalen Gründungsgeschehens - eine Machbarkeitsstudie," IfM-Materialien 280, Institut für Mittelstandsforschung (IfM) Bonn.
    15. Fritsch, Michael & Obschonka, Martin & Wahl, Fabian & Wyrwich, Michael, 2020. "The deep imprint of Roman sandals: Evidence of long-lasting effects of Roman rule on personality, economic performance, and well-being in Germany," Hohenheim Discussion Papers in Business, Economics and Social Sciences 05-2020, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    16. Horváth, Krisztina & Berbegal-Mirabent, Jasmina, 2022. "The role of universities on the consolidation of knowledge-based sectors: A spatial econometric analysis of KIBS formation rates in Spanish regions," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    17. Michael Fritsch & Korneliusz Pylak & Michael Wyrwich, 2022. "Historical roots of entrepreneurship in different regional contexts—the case of Poland," Small Business Economics, Springer, vol. 59(1), pages 397-412, June.
    18. Achim Monica Violeta & Borlea Sorin Nicolae & Văidean Viorela Ligia, 2021. "Culture, Entrepreneurship and Economic Development. An Empirical Approach," Entrepreneurship Research Journal, De Gruyter, vol. 11(1), pages 1-28, January.
    19. Suprinovič, Olga & Kranzusch, Peter & Nielen, Sebastian & Kay, Rosemarie, 2021. "Entwicklung der Existenzgründungen in den Kreisen und kreisfreien Städten 2003-2019," Daten und Fakten 25, Institut für Mittelstandsforschung (IfM) Bonn.

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