EVALUATION WITHOUT BIAS: A METHODOLOGICAL PERSPECTIVE ON PERFORMANCE MEASURES FOR BUSINESS INCUBATORS

Business growth and formation are fundamental drivers of job crea-tion and economic growth. Business incubators provide a nurturing environment, through an array of business support resources and services, where entrepre-neurs, start-ups, and small businesses can commercially validate and transform their ideas and concepts into viable and tangible products and services. Despite growing attention to evaluate the performance and impact of business incuba-tors, the existing literature continues to suffer from methodological, theoretical, and empirical limitations. In particular, existing performance measures have inherent biases that lead them to underestimate the role of business incubators in entrepreneurship and economic development in economically distressed are-as, which typically face disadvantageous local economic conditions. The pur-pose of this paper is to explain the need for better performance measures and the difficulties in creating them.ECONOMICALLY DISTRESSED AREAS, BUSINESS START-UPS, BUSINESS INCUBATORS

AN EMPIRICAL ANALYSIS OF THE LINK BETWEEN ENTREPRENEURSHIP AND ECONOMIC GROWTH IN WEST VIRGINIA

Community/Rural/Urban Development,

ANALYSIS OF RURAL QUALITY OF LIFE AND HEALTH: A SPATIAL APPROACH

This paper examines the relationship between quality of life, health and several socioeconomic variables. The analysis utilizes empirical data obtained from a survey questionnaire administered on a random sample of over 2000 residents in twenty-one counties in West Virginia, and spatial data obtained by geocoding the survey respondents' addressees. Quality of life is measured by a three-point categorical measure of overall satisfaction and an ordered probit model is used to examine the relationships. The empirical results are consistent with the theoretical predictions and indicate, for instance, that quality of life satisfaction increases with income and education while it decreases with unemployment.Community/Rural/Urban Development, Consumer/Household Economics,

An Analysis of Administrative “Best Practices” in the Administration of Business Incubators

A large body of scholarly work has been published on “best practices” in the administration of business incubators. These strategies for the operation of the facilities outline ideal administrative policies and procedures that are not always practical for the operation of all business incubators. Using data acquired from a nationwide survey of business incubators this paper investigates the use of “best practices” identified by scholars in the management of operating business incubators. This research uses frequency analysis and cross tabulation to analyze the “best practices” variables of the survey. The analysis illustrates compliance and use of these “best practices is not uniform in the administration of business incubators. Compliance with these administrative “best practices” is selective. There are variances in the utilization of each of the policies and procedures set forth by “best practices” for administration of business incubators. These variances are reflected in not only practices of each incubator but there are also variances in compliance by size of the community

Implicit regional economic goals and objectives: A study of U.S. development programs

At the present time, U.S. regional economic development policies tend to be focused on sectors, infrastructure, human capital, innovation capability, or to be problem oriented, and only a few programs can be described as being place-based. In this paper, we are looking at major federal regional development programs to deduce their combined implicit place-based goals and objectives. Because the U.S. seems to be relatively unique among OECD countries in its scant use of place-based policies, we compare the United States to, in particular, Canada to gain further insights into the reasons for and potential effects of such policy differences

Valuing Community Attributes in Rural Counties in West Virginia: An Application of Data Envelopment Analysis

The study used Data Envelopment Analysis (DEA) to examine community attributes of rural counties in West Virginia using variables determining quality of life. This analysis was done to understand the value of the social and economic characteristics associated with different communities as migration patterns in the US are mostly attributed to community characteristics determining the residents’ valuation of the quality of life in an area. County level data was used to identify counties that are inefficient, measured in terms of socioeconomic factors. The data is composed of output variables representing desirable community attributes and input variables representing the undesirable characteristics. Analysis was done by using Data Envelopment Analysis to calculate efficiency scores among rural counties in the State as quantitative measures of the efficient production of quality of life within communities. The results show that the majority of the rural counties in the State lie on the efficiency frontier, while others are classified to be inefficient. The research findings are of interest to policy makers as indicators of community performance which can be used for evaluating counties in terms of quality of life

Parametric and Non Parametric Testing for Income Convergence

This paper examines the degree to which per capita incomes have converged across counties in West Virginia over the last thirty years. The increase in government transfers and, possibly, other government assistance programs would suggest that incomes in spatially dispersed regions/counties within nation-state should become similar over this period. However, the interrelation between business cycles, migration, employment structure and changes in per capita earnings over time reduces this possibility. Comparable county data are obtained for two dissmilar regions: southern and eastern panhandle. The empirical results differ across the different measurement techniques used, but in general, the findings concur with the conclusions reached by previous studies that the convergence observed in earlier decades was replaced by divergence in the 1980s

Regional Science Reconsidered

Because disciplines and their cores and boundaries are subject to change, a periodic introspective assessment can be useful in evaluating the relevance of a changing discipline to the equally dynamic and pressing needs of society. Similar examinations of other disciplines, notably economics, have been conducted in part as a means of minimizing the risks of declining credibility, policy relevance, and societal benefit. With the Southern Regional Science Association celebrating recently its 50th meeting, and as regional science itself approaches its 60th year, this paper provides a reexamination of the core of regional science. We consider the theoretical and methodological underpinnings and current status, the various roles played by space in various representations, and the values that guide our policy advice and recommendations. While cores and boundaries of regional science cannot be unambiguously identified, particularly due to the considerable overlap with and lineage to other disciplines, we conclude that it is precisely the interdisciplinarity of regional science that distinguishes it from other social sciences, and ensures its continued relevance

A County-Level Assessment of Entrepreneurship and Economic Growth in Appalachia using Simultaneous Equations

This study provides evidence of the contribution of entrepreneurship to economic development in Appalachia. Using data on Appalachian counties, a system of simultaneous equations is empirically estimated to measure the effects of entrepreneurship on economic growth and development. We present an expanded Carlino-Mills growth model using changes in population, employment, and per capita income to represent growth. The goal of the investigation is to increase the understanding of entrepreneurship’s contributions to economic growth, and its potential as a development strategy for a region, such as Appalachia, that is characterized by poverty and underdevelopment. The results show that start-up businesses contribute significantly to determining population growth. Employment growth is positively affected by selfemployment rates as well as by firm formation rates

A SPATIAL MODEL OF REGIONAL VARIATIONS IN EMPLOYMENT GROWTH IN APPALACHIA

In this study, a spatial equilibrium model of employment growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian counties for 1990-2000. Besides the existence of spatial spillover effects, the results suggest that agglomerative effects that arise from the demand and the supply side contribute to employment growth in the study area during the study period. The policy implications of the findings are: (1) Regional cooperation of counties and communities is advisable and may in fact be necessary to design effective policies to encourage employment growth; and (2) Policy makers at the county level may need to design policies that can attract people with high endowments of human capital and higher income into their respective counties.APPALACHIA, EMPLOYMENT GROWTH, SPATIAL MODEL