Journal of Economic Literature
Book Reviews
2026-08-28
Stephen Redding of London School of Economics reviews “Entrepreneurship, Geography, and American Economic Growth” by Zoltan J. Acs, Catherine Armington,. The EconLit Abstract of the reviewed work begins “Presents a knowledge spillover theory of entrepreneurship to explain geographic variations in local rates of economic growth. Develops and evaluates the key assumptions of the new growth theory. Examines the regional variation in entrepreneurial activity. Investigates the impact of differences in local human capital resources and agglomeration on local differences in new firm formation rates. Explores how entrepreneurial activity influences economic growth as conditioned by spatial structure. Summarizes the research findings and insights for theory. Examines the potential role of entrepreneurship policy in economic development. Acs is University Professor in the School of Public Policy at George Mason University. Index.”