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Explaining the Regional Distribution of New Economy Firms, A Count Data Analysis
The paper provides an empirical analysis of the factors determining the regional distribution of new economy firms in Germany. Using a count data analysis, the authors find evidence that the number of firms listed in a particular region depends positively on the regions knowledge potential (as measured by the number of patents or by the number of R&D employees) as well as on the regional supply of venture capital.
http://www.uni-kiel.de/ifw/pub/kap/2003/kap1193.pdf