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Skilled Human Capital and High-Growth Entrepreneurship: Evidence from Inventor Inflows / Benjamin Balsmeier, Lee Fleming, Matt Marx, Seungryul Ryan Shin.
- Format:
- Book
- Author/Creator:
- Balsmeier, Benjamin.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w27605.
- NBER working paper series no. w27605
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- To what extent does high-growth entrepreneurship depend on skilled human capital? We estimate the impact of the inflow of inventors into a region on the founding of high-growth firms, instrumenting mobility with the county-level share of millions of inventor surnames in the 1940 U.S. Census. Inventor immigration increases county-level high-growth entrepreneurship; estimates range from 29-55 immigrating inventors for each new high-growth firm, depending on the region and model. We also find a smaller but significant negative effect of inventor arrival on entrepreneurship in nearby counties.
- Notes:
- Print version record
- July 2020.
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