Location, Location, Location: Entrepreneurial Finance Meets Economic Geography

57 Pages Posted: 27 Aug 2010

See all articles by Emanuel Shachmurove

Emanuel Shachmurove

Independent

Yochanan Shachmurove

City University of New York, CUNY City College of New York - Department of Economics; The University of Pennsylvania - Department of Economics

Date Written: August 27, 2010

Abstract

Economic Geography maintains that economic activities are not randomly distributed across space. This paper examines the impact of industrial and regional characteristics on venture capital activities in the United States from 1995 until 2009. The unique database allows for stratifications into seventeen industries within nineteen regions of the United States. This study affirms the significance of both location and industry in venture capital investment. Both statistical and graphical methods are employed in order to better ascertain the dynamic nature of the data.

Keywords: Venture Capital, Economic Geography, Location, Biotechnology, Business Products and Services, Computers and Peripherals, Consumer Products and Services, Electronics and Instrumentation, Financial Services, Healthcare Services, Industrial and Energy, Information Technology Services, Media and Enterta

JEL Classification: C12, D81, D92, E22, E12, G24, G3, M13, M21, O16, O3

Suggested Citation

Shachmurove, Emanuel and Shachmurove, Yochanan, Location, Location, Location: Entrepreneurial Finance Meets Economic Geography (August 27, 2010). PIER Working Paper No. 10-030, Available at SSRN: https://ssrn.com/abstract=1666819 or http://dx.doi.org/10.2139/ssrn.1666819

Emanuel Shachmurove

Independent ( email )

56 Trent Road
Wynnewood, PA 19096
United States

Yochanan Shachmurove (Contact Author)

City University of New York, CUNY City College of New York - Department of Economics ( email )

160 Convent Avenue
New York, NY 10031
United States
212-650-6202 (Phone)

The University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-1090 (Phone)
215-573-2057 (Fax)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
779
Abstract Views
3,562
Rank
59,246
PlumX Metrics