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it narrowly targets entrepreneurial startups without requiring broad tax cuts. …
Persistent link: https://www.econbiz.de/10011420651
The purpose of this research endeavor - in the form of eight articles - to be published in 2013 in a Special Section of Industrial and Corporate Change is to further our understanding of the extent, character and orientation of entrepreneurial activity in today's wealthy countries. This is done...
Persistent link: https://www.econbiz.de/10009666645
for business creation than for jobswitching and they are stronger for entrepreneurship than for self-employment. However …
Persistent link: https://www.econbiz.de/10009709507
Edmund Phelps, the 2006 Nobel Laureate in Economics, has written a thought-provoking and ambitious book: Mass 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...
Persistent link: https://www.econbiz.de/10010228747
The surplus that is created in a successful entrepreneurial venture is much higher than the profit corresponding to the risk-adjusted market rate of return. The part of the surplus that exceeds this level may be denoted "entrepreneurial rent." Such rents normally disappear in the long run but...
Persistent link: https://www.econbiz.de/10011489999
Innovation often takes place in entrepreneurial ecosystems. We use the history of the Silicon Valley venture capital model and the Hollywood motion picture industry to illustrate how specialized institutions that regulate these entrepreneurial ecosystems emerged through actions by business...
Persistent link: https://www.econbiz.de/10012660131
Among contemporary economists, Mariana Mazzucato stands out for her emphasis on the importance of innovation to solve pressing challenges and achieve a greater quality of life. However, the type of mission-oriented innovation policies she promotes usually rely on an overly mechanical view of...
Persistent link: https://www.econbiz.de/10012625817
It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and economic growth. To achieve these goals, we propose a reform strategy with respect to (i) the rule of law and the protection of property rights; (ii) the tax system; (iii) regulations...
Persistent link: https://www.econbiz.de/10011603954
There is a need for a conceptual approach that, with reference to explicit micro-level mechanisms and processes of industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper develops the concept of "entrepreneurial systems of...
Persistent link: https://www.econbiz.de/10011621226
Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U ….S. in both VC activity and the creation of successful startups, and has recently been surpassed by China. Few European … financial and human capital to startups. As a response to high uncertainty and transaction costs, VC financiers developed a …
Persistent link: https://www.econbiz.de/10011657477