traditional investors. The analysis is performed within a two-period, two-state signaling model with information asymmetry between …

What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …

innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship …, primarily in metro regional economies.Radical innovation occurs when technology from two distinct industrial clusters are … crossed, resulting in an entirely new product. In contrast, sustaining innovation usually involves adding technological …

Among contemporary economists, Mariana Mazzucato stands out for her emphasis on the importance of innovation to solve … pressing challenges and achieve a greater quality of life. However, the type of mission-oriented innovation policies she … promotes usually rely on an overly mechanical view of innovation and economic growth. We employ an ecosystem perspective to …

Start-up subsidies are a frequently employed policy instrument, the use of which is justified by alleged market failure … subsidies reflects a policy focus on addressing these market failure occurrences. However, using survey data from the East … losses of start-up subsidies. The analysis points to serious information problems arising when subsidies should be allocated …