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New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that constitutes a commercial opportunity. Acs, Audretsch,...
Persistent link: https://www.econbiz.de/10005247891
capital. In this paper we introduce a new factor, entrepreneurship capital, and link it to output in the context of a … production function model. This paper explains what is meant by entrepreneurship capital and why it should influence economic … output. A production function model including several different measures of entrepreneurship capital is then estimated for …
Persistent link: https://www.econbiz.de/10005765247
creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the … way for future economic growth. This entrepreneurship-philanthropy nexus has not been fully explored by either economists …
Persistent link: https://www.econbiz.de/10005765248
Contemporary theories of entrepreneurship generally focus on the decision-making context of the individual. The … entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … suggests that opportunities are endogenous. This paper bridges the gap between the entrepreneurship and economic literature on …
Persistent link: https://www.econbiz.de/10005588033