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According to Schumpeter, the creative process of economic development can be divided into the three distinguishable stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require different skills. This paper tests whether the invention...
Persistent link: https://www.econbiz.de/10012825157
effort requires extensive and broad-based institutional reforms aimed at strengthening the incentives for entrepreneurship …. Innovative entrepreneurship requires collaborations with numerous agents that provide those skills and resources that the … markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe’s innovation capacity at a …
Persistent link: https://www.econbiz.de/10013236458