Community and Capital in Entrepreneurship and Economic Growth

2017 ◽  
Vol 82 (4) ◽  
pp. 770-795 ◽  
Author(s):  
Sampsa Samila ◽  
Olav Sorenson

We argue that social integration—in the sense of within-community interconnectedness—and venture capital have a complementary relationship in fostering innovation, entrepreneurship, and economic growth. Using panel data on metropolitan areas in the United States from 1993 to 2002, our analyses reveal that racial integration—in the microgeography of residential patterns—moderates the effect of venture capital, with more ethnically-integrated places benefiting more from venture capital. We provide evidence for the underlying mechanisms by demonstrating that communities with higher levels of racial integration foster the discovery of more novel and more valuable inventions and the emergence of more ethnically-diverse entrepreneurial groups.

2002 ◽  
Vol 47 (02) ◽  
pp. 243-267 ◽  
Author(s):  
FRANCIS C. C. KOH ◽  
WINSTON T. H. KOH

This paper provides an overview of the venture capital industry and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore's future economic success.


2016 ◽  
Vol 45 (3) ◽  
pp. 539-562 ◽  
Author(s):  
Jeffrey K. O'Hara ◽  
Sarah A. Low

Direct-to-consumer (DTC) agricultural sales doubled in the United States between 1992 and 2007 and then plateaued between 2007 and 2012. It is not clear whether the plateau in sales was attributable to the recession, market saturation, an aging population, or other factors. We estimate the influence of socioeconomic factors in metropolitan areas on DTC agricultural sales between 1992 and 2012 in thirteen Northeast states using county-level panel data. We find that the income elasticity of DTC agricultural purchases ranged from 2.2 to 2.7 and that counties in metropolitan areas did not have higher DTC agricultural sales than other counties, ceteris paribus.


2009 ◽  
Vol 7 ◽  
Author(s):  
Jamalunlaili Abdullah ◽  
Mohd. Zulhafidz Yahaya ◽  
Mohd Zuwairi Yunus ◽  
Mohd Shakir Md Ali Safudin

Urban sprawl is a one of the most pressing issues confronting urban development in the developed as well as developing countries. Much research had been done on the trend of urban sprawl and its negative consequences in established cities in the United States, Europe and Australia. This paper analyzes the phenomenon in the three largest metropolitan areas in Malaysia, namely Kuala Lumpur, Penang and Johor Bharu Metropolitan Areas. Using population and land use as main variables, it argues that suburban expansion and the resulting urban sprawl has been occurring in these metropolitan areas since 1970 and has intensified since the late 1980s due to the rapid economic growth brought by industrialization. It calls for more sustainable approach in the planning and management of urban areas in Malaysia.


2009 ◽  
Vol 7 (1) ◽  
Author(s):  
Jamalunlaili Abdullah ◽  
Mohd. Zulhafidz Yahaya ◽  
Mohd Zuwairi Yunus ◽  
Mohd Shakir Md Ali Safudin

Urban sprawl is a one of the most pressing issues confronting urban development in the developed as well as developing countries. Much research had been done on the trend of urban sprawl and its negative consequences in established cities in the United States, Europe and Australia. This paper analyzes the phenomenon in the three largest metropolitan areas in Malaysia, namely Kuala Lumpur, Penang and Johor Bharu Metropolitan Areas. Using population and land use as main variables, it argues that suburban expansion and the resulting urban sprawl has been occurring in these metropolitan areas since 1970 and has intensified since the late 1980s due to the rapid economic growth brought by industrialization. It calls for more sustainable approach in the planning and management of urban areas in Malaysia.


10.2196/26081 ◽  
2021 ◽  
Vol 23 (2) ◽  
pp. e26081
Author(s):  
Theresa B Oehmke ◽  
Lori A Post ◽  
Charles B Moss ◽  
Tariq Z Issa ◽  
Michael J Boctor ◽  
...  

Background The COVID-19 pandemic has had profound and differential impacts on metropolitan areas across the United States and around the world. Within the United States, metropolitan areas that were hit earliest with the pandemic and reacted with scientifically based health policy were able to contain the virus by late spring. For other areas that kept businesses open, the first wave in the United States hit in mid-summer. As the weather turns colder, universities resume classes, and people tire of lockdowns, a second wave is ascending in both metropolitan and rural areas. It becomes more obvious that additional SARS-CoV-2 surveillance is needed at the local level to track recent shifts in the pandemic, rates of increase, and persistence. Objective The goal of this study is to provide advanced surveillance metrics for COVID-19 transmission that account for speed, acceleration, jerk and persistence, and weekly shifts, to better understand and manage risk in metropolitan areas. Existing surveillance measures coupled with our dynamic metrics of transmission will inform health policy to control the COVID-19 pandemic until, and after, an effective vaccine is developed. Here, we provide values for novel indicators to measure COVID-19 transmission at the metropolitan area level. Methods Using a longitudinal trend analysis study design, we extracted 260 days of COVID-19 data from public health registries. We used an empirical difference equation to measure the daily number of cases in the 25 largest US metropolitan areas as a function of the prior number of cases and weekly shift variables based on a dynamic panel data model that was estimated using the generalized method of moments approach by implementing the Arellano-Bond estimator in R. Results Minneapolis and Chicago have the greatest average number of daily new positive results per standardized 100,000 population (which we refer to as speed). Extreme behavior in Minneapolis showed an increase in speed from 17 to 30 (67%) in 1 week. The jerk and acceleration calculated for these areas also showed extreme behavior. The dynamic panel data model shows that Minneapolis, Chicago, and Detroit have the largest persistence effects, meaning that new cases pertaining to a specific week are statistically attributable to new cases from the prior week. Conclusions Three of the metropolitan areas with historically early and harsh winters have the highest persistence effects out of the top 25 most populous metropolitan areas in the United States at the beginning of their cold weather season. With these persistence effects, and with indoor activities becoming more popular as the weather gets colder, stringent COVID-19 regulations will be more important than ever to flatten the second wave of the pandemic. As colder weather grips more of the nation, southern metropolitan areas may also see large spikes in the number of cases.


1994 ◽  
Vol 33 (4I) ◽  
pp. 327-356 ◽  
Author(s):  
Richard G. Lipsey

I am honoured to be invited to give this lecture before so distinguished an audience of development economists. For the last 21/2 years I have been director of a project financed by the Canadian Institute for Advanced Research and composed of a group of scholars from Canada, the United States, and Israel.I Our brief is to study the determinants of long term economic growth. Although our primary focus is on advanced industrial countries such as my own, some of us have come to the conclusion that there is more common ground between developed and developing countries than we might have first thought. I am, however, no expert on development economics so I must let you decide how much of what I say is applicable to economies such as your own. Today, I will discuss some of the grand themes that have arisen in my studies with our group. In the short time available, I can only allude to how these themes are rooted in our more detailed studies. In doing this, I must hasten to add that I speak for myself alone; our group has no corporate view other than the sum of our individual, and very individualistic, views.


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