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 …

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 …

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 …