We apply a multi-level approach to analyze the effect of three groups of determinants on new firm formation simultaneously: industry, location and changes over time. The data are for West Germany and cover the 1983-97 period. Our analysis indicates, that innovation activities and the...

Regional policy accounts for approximately 35% of the EU budget (European Commission 2005). This share is even likely to increase further in the next few years, following the accession of twelve Member States in 2004 and 2007. The regional policy budget of the EU is mainly spent on subsidies for...