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Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on...
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Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...
Persistent link: https://www.econbiz.de/10005824127
Despite the growing acknowledgement that entrepreneurship is an important driver of regional innovation and growth, the … that the relationship between entrepreneurship, innovation and regional growth is governed by a series of network dynamics …. Drawing upon aspects of endogenous growth theory and the knowledge spillover theory of entrepreneurship, it is proposed that …
Persistent link: https://www.econbiz.de/10011241921
spillovers and entrepreneurship theory: the knowledge spillover theory of entrepreneurship (KSTE). This study conducts a …
Persistent link: https://www.econbiz.de/10011154857
development (R&D) and generate new knowledge. This new knowledge has a positive effect on entrepreneurship, innovation, and growth …. However, after some point, further strengthening of patent protection will reduce the returns to entrepreneurship sufficiently …
Persistent link: https://www.econbiz.de/10010865397
We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at improving existing … production processes. Our model embeds the core idea of the knowledge spillover theory of entrepreneurship in established …
Persistent link: https://www.econbiz.de/10010865515
This study assesses whether and to what extent new knowledge available in a region and its surrounding regions induces and facilitates new firm creation, an important topic that is largely left untested in the literature. Using a full population firm-level dataset of 44,434 newly created...
Persistent link: https://www.econbiz.de/10010869716
The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of … entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation … outcomes. We hypothesize that a high rate of entrepreneurship facilitates the process of turning knowledge into new …
Persistent link: https://www.econbiz.de/10010849025