taxes on what was a commercial venture. Today, as we face high unemployment and a struggling economy, innovation and job …

Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … competitiveness of the economy and may establish new jobs. The gains of entrepreneurship are only realized, however, if the business … environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in …

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …

survival rates and little contribution to job creation, economic growth, and innovation. In this paper, we use a rich data set … and job creation, but especially also in innovation activities. The gaps in these business outcomes are relatively …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …

between technically trained founders and employees who have business skills. This suggests that the innovation potential of …

Entrepreneurship in Germany has been stagnating. As a result, the effectiveness of technological innovation to improve … overview of technological innovation and labor productivity growth from 1871. From this we show that over the past three … decades the economy has found it increasingly difficult to transform technological innovation into labor productivity growth …