); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

, we find that HGFs are overrepresented in knowledge-intensive service industries, i.e., service industries with a high …

the perpetual discovery and use of productive knowledge. A key element in this process is the competence bloc, a nexus of … institutional framework determines the incentives for these individuals to acquire and utilize knowledge. We identify a number of …

-impact entrepreneurship prospers when knowledge is successfully generated and exploited in the economy. This process depends on complementary …

growth is viewed as resulting from the continuous discovery and use of productive knowledge. Rapid firm growth requires a set …. The institutional framework determines the incentives for these individuals to acquire and utilize knowledge. We identify …

. The results show that the literature leans towards Schumpeter (1942); innovation returns are modeled as following an ex … ante known probability distribution. By assuming that the outcomes of innovation activities are (probabilistically …