Similar Search Results

The Interaction of Schumpeterian Institutional Entrepreneurship and Hayekian Institutional Change in Innovative Industries

Henrekson, Magnus; Lakomaa, Erik; Sanandaji, Tino - 2021

the higher rates of entrepreneurship observed in common law countries …

Persistent link: https://www.econbiz.de/10013324246

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan - 2020

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10012826395

Entrepreneurship and Second-best Institutions: Going Beyond Baumols Typology

Douhan, Robin; Henrekson, Magnus - 2008

destructive entrepreneurship. Baumol's classificatory scheme is built around a limited concept of first-best outcomes and … therefore easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal … institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the …

Persistent link: https://www.econbiz.de/10010320273

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009

We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...

Persistent link: https://www.econbiz.de/10010320309

Firm Growth, Institutions and Structural Transformation

Henrekson, Magnus; Johansson, Dan - 2010

This essay argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated to...

Persistent link: https://www.econbiz.de/10010320338

Schumpeterian Entrepreneurship in Europe Compared to Other Industrialized Regions

Henrekson, Magnus - 2017

We examine whether Europe has an “entrepreneurship deficit” compared to other industrialized regions. Cross …-country comparisons are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small … business activity and startup rates suggest that Europe has the same or higher rates of entrepreneurship than the U.S. and East …

Persistent link: https://www.econbiz.de/10012956109

The Inventor’s Role : Was Schumpeter Right?

Braunerhjelm, Pontus - 2020

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

Entrepreneurship and Second-Best Institutions : Going Beyond Baumol's Typology

Douhan, Robin; Henrekson, Magnus - 2019

Persistent link: https://www.econbiz.de/10014214391

To Be or Not to Be : The Entrepreneur in Neo-Schumpeterian Growth Theory

Henrekson, Magnus; Johansson, Dan; Karlsson, Johan - 2022

Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter...

Persistent link: https://www.econbiz.de/10014244519