The LBS Working Paper Series “LBS Working Papers” aims at presenting applied research completed by LBS faculty, outstanding graduates and partners. Topics include subjects taught and researched at LBS’s degree programs (1) International Business Administration, (2) International Management and Leadership (3) and Banking, Finance and Compliance. Successful master graduates will be invited to publish condensed versions of their theses.
Dr. Christian Reiner, senior researcher at LBS, has published a working paper in the LBS Working Paper Series on the topic of entrepreneurship. He co-authored the paper with Helmut Gassler, who works as a senior researcher at the Centre for Social Innovation (ZSI) in Vienna. The slightly provocative research question “Where are the entrepreneurs when we need them” addresses the political aim to foster entrepreneurial activities in Austria in order to stimulate the economy and raise its long-run growth potential.
Analyzing data for the time period 2004-2012/15, the paper presents the following main results: There are huge and persistent differences in entrepreneurial activities between Austrian regions at the NUTS2 and the NUTS3 level. Core regions are characterized by a higher level of entrepreneurial activities compared to the regions in the periphery. Entrepreneurship shows no association with unemployment dynamics. Knowledge-intensive start-ups that rely on VC-funding are heavily concentrated in a few capital regions, thereby increasing spatial disparities between central and peripheral regions.