Recent advances in the economics of knowledge highlight the key role ofpecuniary knowledge externalities in explaining the system dynamics oftotal factor productivity growth. When non-exhaustible technologicalknowledge is an input both in the production of new goods and of furtherknowledge, and...

This paper explores and explains the emergence and growth of new firms in the knowledgeeconomy. The resource-based view, capabilities approach, and evolutionary economics are usedas a foundation for a developmental approach. The development of the firm is conceptualized interms of processes that...

IntroductionEntrepreneurship is a fundamental driver of economic evolution. It is also a distinctly spatially unevenprocess, and thus an important explanation of the uneven economic development of regions andnations. Not surprisingly, entrepreneurship is a key element of evolutionary economics...

This paper explores the statistical properties of household consumption-expenditure budgetshares distributions (HBSDs) —defined as the share of household total expenditurespent for purchasing a specific category of commodities— for a large sample of Italianhouseholds in the period 1989-2004....