“…A wide and consolidated literature has sought the determinants of variation in new firm formation on a regional basis (Audretsch and Fritsch, 1994; Guesnier, 1994; Keeble and Walker, 1994; Reynolds, 1991; Reynolds et al, 1993; Sutaria, 2001). Among these determinants, the industrial intensity has been recognized positively linked to firm birth rates (Armington and Acs, 2002; Reynolds, 1991; Reynolds et al, 1994).…”