of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …

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 …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the …, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …