/her reliance on alternative sources of knowledge for exploring new business opportunities. The extant literature that is at the … crossroads between sources of knowledge and the experiential and intellectual base of an entrepreneur (i.e., dimensions of his …/her human capital) suggests that it is through experience and through education that an entrepreneur obtains knowledge. Using …

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 …

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …

prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …

prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …

This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …

), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge …A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to … productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015 …

firms having a higher probability of initiating innovation activities and of successfully turning knowledge into innovation … activities—R&D, innovative output, and productivity—hold for knowledge-intensive services. With especially high start-up rates … and the majority of employees in microfirms, knowledge-intensive services (KIS) have a starkly different profile from …

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …