This paper challenges the key assumption in "idea based growth models" that innovation rents ultimately reward the … bulk of the innovation rents and are generally the residual claimant. We develop a model that separates invention from … innovation where new ideas are a costless spillover from profit motivated corporate R&D aimed at improving existing production …

growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …

of "new combinations". According to him, innovation and entrepreneurship are destructive elements driving the system …Joseph A. Schumpeter developed a very well-known theory of entrepreneurs and entrepreneurship, centred on the concept … Austrian, Schumpeter was never a member of the Austrian School of Economics. However, his position as regards entrepreneurship …

A large and still growing body of literature suggests that entrepreneurship is of exceptional importance in explaining … entrepreneurial activity in innovation and regional growth within a spatial semi-endogenous growth model in the spirit of Jones (1995 …

The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with … more knowledge conditional on the commercialization efficiency of incumbents, which limits entrepreneurial discovery. We …

-seeking governments. -- Entrepreneurship ; Regulation ; Innovation ; Market Integration ; Lobbying …

businesses in this respect. -- agglomeration ; balanced skills ; entrepreneurship ; thick markets ; urban diversity …

short or medium run. Entrepreneurial rents arise when successful entrepreneurship is exercised and entrepreneurial firms … successful entrepreneurship cannot be taxed harshly without affecting entrepreneurs' willingness to supply effort. …