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entrepreneurial activity in innovation and regional growth within a spatial semi-endogenous growth model in the spirit of Jones (1995 …
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The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
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entrepreneurs consider at each instant of time both innovation and rent-seeking as alternative sources of profit. The consequences …-seekers and the only difference is to be found in their attitude towards innovation as a source of profit. In this sense … decisions measured in units of innovation are then aggregated to calculate the innovation quantity for a given population based …
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