where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that …We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …

What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private … generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …

We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of … improved the quality of entrepreneur- ship. Compared with entrepreneurs in other time periods, firms founded by the reluctant … entrepreneurs induced by the SOE layoffs have better performances. To explain these results, we present a simple model of …

, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …

trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …