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Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship … research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …
Persistent link: https://www.econbiz.de/10012599280
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this...
Persistent link: https://www.econbiz.de/10012466642
This paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a …
Persistent link: https://www.econbiz.de/10012468115
Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...
Persistent link: https://www.econbiz.de/10012814429
This paper examines the empirical anomaly that in a sample of 5811 patents on which US faculty are listed as inventors, 26% of the patents are assigned solely to firms rather than to the faculty member's university as is dictated by US university employment policies or the Bayh Dole Act. In this...
Persistent link: https://www.econbiz.de/10012465396
This paper studies how innovative firms manage their innovation portfolios after filing for Chapter 11 reorganization using three decades of data. We find that they sell off core (i.e., technologically critical and valuable), rather than peripheral, patents in bankruptcy. The selling pattern is...
Persistent link: https://www.econbiz.de/10012533405
This paper studies the impact that immigrant innovators have on the global activities of U.S. firms by analyzing detailed data on patent applications and on the operations of the foreign affiliates of U.S. multinational firms. The results indicate that increases in the share of a firm's...
Persistent link: https://www.econbiz.de/10012461322
We study the shifts in U.S. firms' workforce composition and organization associated with the use of AI technologies. To do so, we leverage a unique combination of worker resume and job postings datasets to measure firm-level AI investments and workforce composition variables, such as...
Persistent link: https://www.econbiz.de/10014322713
We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...
Persistent link: https://www.econbiz.de/10014322847
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics and innovation activities. We find uniformly...
Persistent link: https://www.econbiz.de/10012479519