Entrepreneurial Migration
通过追踪跨州注册的高潜力初创企业，发现6.6%在五年内跨州迁移，硅谷等传统中心倾向于流失企业，早期迁移偏好传统中心，后期偏好低税收城市。
Abstract We track the movement of high-potential startups using cross-state business registrations and estimate the utility of cities to moving startups using a revealed preference approach. 6.6% of these startups move across state borders during their first five years. Startup hubs like Silicon Valley and Boston tend to lose startups to other cities. Our findings show that startups prefer traditional hubs when they move soon after being founded, but later prefer cities with lower taxes. This pattern is not due to vertical sorting or industrial specialization.