Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … the medium term through "creative destruction" as entrepreneurs strive for increased productivity. …

of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross … of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents …

We compare investment in innovation (e.g., R&D) between new venture start-ups before commercialization and operating … investment (e.g., plant, property, and equipment to begin production), prospective earnings convert into actual earnings. In a …

-ante, more efficient and fast growing firms display a higher probability to invest; in turn, after an investment spike has taken … place the group of investing firms shows further gains in performance. Finally, expansionary investment episodes, as proxied …If the relation between investment and economic growth is well established in the macroeconomic literature, the …

Chilean firms with regard to mastering new technologies. These slow and frequently uncertain gains in productivity could help … to explain the low levels of investment in research and development (R&D) activities by Chilean firms. … process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence …