Although scholars have long emphasized the importance of entrepreneurs to long-term growth prospects, entrepreneurship often receives less attention by policy makers than traditional industrial recruitment efforts as regional growth engines. The effects of entrepreneurship may be more subtle than the latter approaches, but business creation can have significant effects across both space and time. This article first sketches the important relationship between innovation, entrepreneurship, and growth and then empirically assesses the relationship between entrepreneurship and job growth across U.S. labor market areas and counties. Three key findings emerge. First, entrepreneurship is systematically related to job growth; furthermore, this relationship increases in intensity over time. Second, entrepreneurship has the greatest impact on the county in which it occurs but also generates positive spillovers for job growth in neighboring counties. Finally, the impact of entrepreneurship is greater in denser, more urbanized settings where such businesses can leverage the advantages of a thick marketplace.
This paper examines local and regional attributes associated with growth in the food processing industry. The paper uses industrial location studies to develop a model of food processing plants’growth. Ordinary least squares (OLS) models are estimated to analyze which local, regional and state attributes are associated with county level growth, measured by a change in the number of establishments. The results suggest that food processing growth is associated with factors similar to those influencing the location of footloose manufacturing plants. However, growth in food processing sectors is associated with different local attributes depending on a firm's industry type (demand‐oriented, supply‐oriented, footloose).
By 1999, most agricultural input firms used company Web sites and adopted some type of Internet strategy. However, far fewer engaged in e-commerce with most activity occurring with suppliers (channel partners) rather than with end customers. Firms perceiving greater logistics and inventory management gains were more engaged in e-commerce activity. The ease of information access, more product choices, easier product comparisons, and improved buying convenience were expected to support farmer e-commerce adoption. However, firm managers indicate that a key to expanding farmers' e-commerce activity is the ability to build personal relationships over the Internet that satisfy farmers' service needs.
Wildlife recreation—hunting, fishing, and wildlife watching—appears to be an increasingly important pastime for many Americans. From 1991 to 2001, U.S. wildlife recreation expenditures surged from $77 billion to $108 billion in 2001 dollars. Land lease and ownership expenditures by wildlife recreation participants are also rising and appear to be capitalized into farmland values. This paper analyzes the impact of hunting lease rates on farmland values in Texas. The results indicate that counties with higher wildlife recreation income streams have higher land values.
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