Excerpt
Excerpt
Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines. William R. Kerr, Edward Glaeser, September 2013, Paper. "Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near Pittsburgh led that city to specialization in industries, like steel, with significant scale economies and that those big firms led to a dearth of entrepreneurial human capital across several generations..." Link