We build a generalised growth model of horizontal product innovation with human capital accumulation in which the … within a framework where innovation is both horizontal and deterministic and economic growth is driven by private incentives …

generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further … innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial …

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge …. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent … empirical work has shown that new firms are more proficient at penetrating the knowledge filter than are incumbent firms …

A new model of economic growth introduces the knowledge filter between new generic knowledge and economically …-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms … that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at penetrating the …