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The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of … entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation … outcomes. We hypothesize that a high rate of entrepreneurship facilitates the process of turning knowledge into new …
Persistent link: https://www.econbiz.de/10010849025
This study documents that the survival of start-ups is central in explaining the relationship between entry and regional employment growth. Distinguishing between start-ups according to the period of their survival shows that the positive effect of new business formation on employment growth is...
Persistent link: https://www.econbiz.de/10010849032
The twentieth century United States provides a natural experiment to measure the strength and persistence of entrepreneurial cultures. Assuming immigrants bear the cultures of their birth place, comparison of revealed entrepreneurial propensities of US immigrant groups in 1910 and 2000 reflected...
Persistent link: https://www.econbiz.de/10010849053
The ability to adjust to structural change is vital to economic development, and entries can be active participants in this process. While the importance of factor reallocations for growth is widely discussed, the role of entrepreneurs in managing these reallocations is currently not well...
Persistent link: https://www.econbiz.de/10010849057
This article aims to provide some elements of an evolutionary theory of property rights. It applies a systems-based capital-theoretic perspective to explain the formation and transformation of property rights structures. The approach emphasizes how entrepreneurs create capital combinations by...
Persistent link: https://www.econbiz.de/10011001823
This article sheds light on the impact of Schumpeter’s Theory of Economic Development over the last 100 years, and identifies insights from that work that are less well-known, but that have the potential for informing current developments in evolutionary economics. We identify these insights...
Persistent link: https://www.econbiz.de/10011001861
Emphasizing the dynamics in economies and industries, Schumpeter points to entrepreneurs carrying out ‘new combinations’. His work, and in particular the Theory of Economic Development, is often interpreted as praising individual entrepreneurs setting up new firms to contribute to an...
Persistent link: https://www.econbiz.de/10010950514
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