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High-technology entrepreneurship in silicon valley

Publication ,  Journal Article
Fairlie, RW; Chatterji, AK
Published in: Journal of Economics and Management Strategy
June 1, 2013

The economic expansion of the late 1990s created many opportunities for business creation in Silicon Valley, but the opportunity cost of starting a business was also high during this period because of the exceptionally tight labor market. A new measure of entrepreneurship derived from matching files from the Current Population Survey (CPS) is used to provide the first test of the hypothesis that business creation rates were high in Silicon Valley during the "Roaring 90s." Unlike previous measures of firm births based on large, nationally representative datasets, the new measure captures business creation at the individual-owner level, includes both employer and nonemployer business starts, and focuses on only hi-tech industries. Estimates indicate that hi-tech entrepreneurship rates were lower in Silicon Valley than the rest of the United States during the period from January 1996 to February 2000. Examining the post-boom period, we find that entrepreneurship rates in Silicon Valley increased from the late 1990s to the early 2000s. Although Silicon Valley may be an entrepreneurial location overall, we provide the first evidence that the extremely tight labor market of the late 1990s, especially in hi-tech industries, may have suppressed business creation during this period. © 2013 Wiley Periodicals, Inc.

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Published In

Journal of Economics and Management Strategy

DOI

EISSN

1530-9134

ISSN

1058-6407

Publication Date

June 1, 2013

Volume

22

Issue

2

Start / End Page

365 / 389

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1402 Applied Economics
 

Citation

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ICMJE
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Fairlie, R. W., & Chatterji, A. K. (2013). High-technology entrepreneurship in silicon valley. Journal of Economics and Management Strategy, 22(2), 365–389. https://doi.org/10.1111/jems.12015
Fairlie, R. W., and A. K. Chatterji. “High-technology entrepreneurship in silicon valley.” Journal of Economics and Management Strategy 22, no. 2 (June 1, 2013): 365–89. https://doi.org/10.1111/jems.12015.
Fairlie RW, Chatterji AK. High-technology entrepreneurship in silicon valley. Journal of Economics and Management Strategy. 2013 Jun 1;22(2):365–89.
Fairlie, R. W., and A. K. Chatterji. “High-technology entrepreneurship in silicon valley.” Journal of Economics and Management Strategy, vol. 22, no. 2, June 2013, pp. 365–89. Scopus, doi:10.1111/jems.12015.
Fairlie RW, Chatterji AK. High-technology entrepreneurship in silicon valley. Journal of Economics and Management Strategy. 2013 Jun 1;22(2):365–389.
Journal cover image

Published In

Journal of Economics and Management Strategy

DOI

EISSN

1530-9134

ISSN

1058-6407

Publication Date

June 1, 2013

Volume

22

Issue

2

Start / End Page

365 / 389

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1402 Applied Economics