Entrepreneurship in The United States The Future is Now
Entrepreneurship is among the most vibrant and important parts of the economy, and this important contribution to understanding its dynamics provides the first assessment of changes over time in U.S. entrepreneurial activity. It is uniquely based on measu
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INTERNATIONAL STUDIES IN ENTREPRENEURSHIP Series Editors: Zoltan J. Acs University of Baltimore Baltimore, Maryland USA David B. Audretsch Max-Planck-Institute for Research into Economic Systems Jena, Germany Books in the series: Black, G. The Geography of Small Firm Innovation Tubke, A. Success Factors of Corporate Spin-Offs Corbetta, G., Huse, M., Ravasi, D. Crossroads of Entrepreneurship Hansen, T., Solgaard, H.S. New Perspectives in Retailing and Store Patronage Behavior Davidsson, P. Researching Entrepreneurship Fornahl, D., Audretsch D., Zellner, C. The Role of Labour Mobility and Informal Networks for Knowledge Transfer Audretsch D., Grimm, H., Wessner, C. Local Heroes in the Global Village Landström, H. Pioneers in Entrepreneurship and Small Business Research Lundström, A., Stevenson, L. Entrepreneurship Policy: Theory and Practice Elfring, T. Corporate Entrepreneurship van Stel, A. Empirical Analysis of Entrepreneurship and Economic Growth Fritsch, M., Schmude, J. Entrepreneurship in the Region Reynolds, P. D. Entrepreneurship in the United States
ENTREPRENEURSHIP IN THE UNITED STATES The Future is Now
Paul Davidson Reynolds Florida International University
Paul Davidson Reynolds Florida International University Ryder Building SW 8th Street Miami, FL 33199 Series Editors: Zoltan J. Acs George Mason University School of Public Policy 4400 University Drive Fairfax, VA 22030
David B. Audretsch Indiana University School of Public Policy & Environmental Affairs 1315 East 10th Street Bloomington, IN 47405
ISBN-13: 978-0-387-45667-6
e-ISBN-13: 978-0-387-45671-3
Library of Congress Control Number: 2007928374 © 2007 Springer Science+Business Media, LLC All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, Inc., 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now knon or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed on acid-free paper. 9 8 7 6 5 4 3 2 1 springer.com
The following assessment would not have been possible without the contributions of scholars participating in the Wisconsin Entrepreneurial Climate Study, the Entrepreneurial Research Consortium, and the national teams of the Global Entrepreneurship Monitor initiative. This work is dedicated to these fine individuals, good colleagues all.
Contents
List of Figures...................................................................................................xi List of Tables . ................................................................................................. xv Pre
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