where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that …We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …

low-trust societies, suggests reexamination of the presumed positive relationship between social trust and innovation …. Multi-level analyses conducted in this paper reveal that the role of social capital in innovation is different in East Asia …-based incentives are the most essential driving-force of innovation in the East Asian countries, whereas social trust does not play a …

ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the … Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses. …

why different groups or societies develop different attitudes towards human capital formation, entrepreneurship, and … innovation. …

It is well known that innovation law and policy must strike a balance between incentivizing inventions on the one hand … actors in innovation markets respond to their economic environments just like anyone else (at least on a first approximation … economic choice, but with the risky option framed as an investment in an “innovation-related” project. We find strong evidence …

respects. Entrepreneurs in our model dispose of two different skills (technological and systemic skills) and we are able to … growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …

); 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 …

entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country's contribution to the world technology … “cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the … Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002–2010 and find robust support for these hypotheses …