Published In
UBC Law Review
Document Type
Article
Publication Date
2021
Subjects
entrepreneurship, taxation, corporate law, securities law, labor law, bankruptcy law, immigration law, trade policy
Abstract
This article assesses the development of Vancouver as an entrepreneurial region. Using data collected from commercial startup databases, we find that Vancouver produces more startups and receives more venture capital financing per capita than any other major Canadian city. However, we also find that Vancouver lags many U.S. cities on these same metrics. In light of our empirical findings, we explore whether differences in entrepreneurial activity between Canada and the United States are due to differences in the countries’ legal environments. We conclude that legal differences do not explain observed economic disparities, and that differences in entrepreneurial activity are due to broader institutional factors, including underdeveloped business networks, a lack of Canadian venture capital, and "brain drain" to the United States. Although some of these challenges are amenable to policy reform, others are beyond the scope of government intervention.
Citation Details
Camden Hutchison & Li-Wen Lin, "The Growth of Vancouver as an Innovation Hub: Challenges and Opportunities" (2021) 54:3 UBC L Rev 693.
Included in
Bankruptcy Law Commons, Immigration Law Commons, Labor and Employment Law Commons, Securities Law Commons, Tax Law Commons