This article explains how entrepreneurship has emerged as an engine of growth, employment generation and competitiveness in global markets and why the economic role of entrepreneurship has changed so dramatically in the past half century. The changing role of entrepreneurship reflects three...

This study examines the impact of university spillovers on the locational choice of firm formation. Based on a unique and hand-collected data set of high-technology start-ups publicly listed in Germany, this paper tests the propositions that geographic proximity to the university is influenced...