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 …

Knowledge is recognized as a crucial element of economic growth in addition to physical capital and labor. Knowledge …, identify, and exploit knowledge depends on the existing knowledge stock and the absorptive capacity of actors such as employees … at firms and researchers at universities and research institutions. The existing knowledge stock might not be …

Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is … laudable for its emphasis on innovation, for its discussion of what constitutes a good life, and Phelps' realization that true … the lack of empirical indicators actually showing that the rate of innovation has dropped are significant weaknesses …

prerequisite for innovation and entrepreneurship. This is done by putting the spotlight on the role that formal and informal … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …

It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and … bankruptcy and insolvency; (vii) R&D, commercialization and knowledge spillovers; (viii) human capital investments; and (ix … to promote entrepreneurship, innovation and growth. …

function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional …

Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U …