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Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10005864516

Innovation Networks of High Tech SMES: Creation of Knowledge but no Creation of Value

Winters, Rob; Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2007

This paper analyses the effects of innovation networks on product and pro-cess innovation and sales growth of high … technology SMEs. Innovation net-works are positively related to both product and process innovation, i.e. know-ledge creation …. One exception is the negative effect of innovation networks with suppliers on product innovation. Older SMEs are more …

Persistent link: https://www.econbiz.de/10005864581

Penetrating the Knowledge Filter in "Rust Belt" Economies

Ács, Zoltán; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2008

A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...

Persistent link: https://www.econbiz.de/10005864503

Penetrating the Knowledge Filter in the Rust Belt

Acs, Zoltán J.; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2007

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

Persistent link: https://www.econbiz.de/10005864529

THE FIVE DRIVERS: AN EMPIRICAL REVIEW

Fawcett, Nicholas; Cameron, Gavin - University <Oxford> / Department of Economics - 2005

Productivity, or the amount of output produced by a given number of inputs,can be measured in a number of ways;1 the focus of Governmentpolicy, and much of the theoretical and empirical literature, is on labourproductivity, which provides the theme of the discussion in this review.A central...

Persistent link: https://www.econbiz.de/10005870182

THE SUN ALSO RISES: PRODUCTIVITY CONVERGENCE BETWEENJAPAN AND THE USA

Cameron, Gavin - University <Oxford> / Department of Economics - 2000

The growth process for a technological leader is different from that of a follower.While followers can grow through imitation and capital deepening, a leader must undertakeoriginal research. This suggests that as the gap between the leader and the follower narrows, thefollower must undertake...

Persistent link: https://www.econbiz.de/10005870259

Entrepreneurship and Innovation Policy

Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2008

What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …

Persistent link: https://www.econbiz.de/10005864511

Do We Need National Champions? If So, Do We Need a Champions-Related Industrial Policy? An Evolutionary Perspective

Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

This paper discusses the role of so-called national champions within the context of the EU's ambitious goal to become the most competitive and dynamic knowledge-based economic region in the world by 2010. We find football to be a useful analogy in our discussion of national champions. There are...

Persistent link: https://www.econbiz.de/10005864512

Creating Strategic Advantage through EntrepreneurialGovernance in New Ventures

Audretsch, David B.; Lehmann, Erik; Plummer, Lawrence A. - Max-Planck-Institut für Ökonomik <Jena> - 2007

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005864514

Democratic Capitalism and Philanthropy in a Global Economy

Acs, Zoltán J.; Desai, Sameeksha - Max-Planck-Institut für Ökonomik <Jena> - 2007

globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which …

Persistent link: https://www.econbiz.de/10005864533