Skills, Scope, and Success: An Empirical Look at the Start-Up Process in Creative Industries in Germany

47 Pages Posted: 9 Jul 2018

See all articles by Karsten Kohn

Karsten Kohn

Kreditanstalt für Wiederaufbau (KfW), KfW Development Bank; IZA Institute of Labor Economics

Solvejg Wewel

Boston College

Multiple version iconThere are 2 versions of this paper

Abstract

Creative industries comprise enterprises focusing on the creation, production, and distribution of creative or cultural goods and services. Following an explorative empirical approach, we analyze start-ups in creative industries regarding three issues along the start-up process: (1) personal characteristics of creative entrepreneurs, (2) their use of labor and capital as input factors, and (3) start-up success as measured by start-up survival, degree of innovativeness, and change in household income.Based on individual-level data from the KfW Start-up Monitor, a large-scale survey on entrepreneurship in Germany, our regression results show that entrepreneurs in creative industries tend to be younger and better educated than entrepreneurs in other economic sectors. Businesses in creative industries are prevalently started on a small scale, as part-time occupations, and with less financial resources. Yet they show a higher persistence and an above-average degree of innovativeness.

Keywords: creative industries, cultural industries, entrepreneurship, business start-ups, start-up decision, start-up success, innovation

JEL Classification: L26, M13, J21

Suggested Citation

Kohn, Karsten and Wewel, Solvejg, Skills, Scope, and Success: An Empirical Look at the Start-Up Process in Creative Industries in Germany. IZA Discussion Paper No. 11650. Available at SSRN: https://ssrn.com/abstract=3209747

Karsten Kohn (Contact Author)

Kreditanstalt für Wiederaufbau (KfW), KfW Development Bank ( email )

Palmengartenstr. 5-9
Frankfurt, 60325
Germany

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Solvejg Wewel

Boston College

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
11
Abstract Views
82
PlumX Metrics