entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …

surplus from his production. At any time, the novice can leave the relationship with his acquired knowledge and produce on his … structured as an apprenticeship, in which all production generated during training is used to compensate the expert. Knowledge … transfer takes a simple form. In the first period, the expert gifts the novice a positive level of knowledge, which is …

We study how barriers to business start-up affect the investment in knowledge capital when contracts are not … enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the … incentive to accumulate knowledge. As a result, countries with large barriers experience lower income and growth. Our results …

The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is … technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational … innovation in countries with low EPL. …

characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …