To produce an effect, knowledge needs to be first acquired and expressed by a human agent. This trivial fact is a … constraint on knowledge commercialization. The highly systemic nature of the decentralized production of knowledge is another …, focusing particularly on the often-neglected entrepreneurial aspects of the transfer of knowledge. It shows how the constraints …

methodological subjectivism and interpretative economics; entrepreneurship, knowledge and coordination problems in the market process … two illustrations of recent international events, Financial Crisis in 2007 and nuclear meltdown in Japan. …

entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation …-to-the-market innovation but has no effect on the relationship between knowledge and new-to-the-firm innovation. Our results using European … chances that knowledge will become new-to-the-market innovation. The findings highlight the importance of Schumpeterian …

The knowledge spillover theory of entrepreneurship seeks to explain the sources of entrepreneurship and its … consequences with regard to economic performance. This paper extends this theory and links it to innovation performance. We propose … that a high rate of entrepreneurship facilitates the process of turning knowledge into innovative products while it has no …

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …

innovation to maximize the social good. Knowledge is the key element of the innovation systems and the institutions which have an … important role in its development can be stated as: (1) Universities and academic institutions (develop and transfer knowledge …’ cooperation and links between each other is essential to acquire and diffuse knowledge for the knowledge-based economies …

knowledge, innovation and growth in the past and by identifying whether and how the scope for catch-up growth exists. We focus …What is the relationship between technological innovation, entrepreneurship and development? Is it better for … on the interesting case of technological innovation in the comparative economic performance of China; we draw some …