In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who …

, and welfare by utilizing two endogenous growth models. The expanding variety model features only homogeneous innovations … by entrants. The Schumpeterian growth model features heterogeneous innovations: "incremental" innovations by incumbents …, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …

This paper explores how heterogenous risk drives the firm innovation–survival relationship using a large sample of new … entrepreneurial firms in China. Results show that innovation increases the probability of survival, although the impact on firm … survival is conditioned by the timing of the innovation, the characteristics associated with the innovation strategy, along …

We study the implications of the creative destruction lifecycle of innovation for asset prices. We develop a general … equilibrium determination of time-varying economic growth and countercyclical economic uncertainty. The model quantitatively …

Order Theory, we study how the pursuit of innovation influences the reliance of firms on different types of internal and … external finance. Panel analyses of data on 7,394 German start-ups show that innovation activities are relevant predictors of …

sustainable economic growth (local, national and regional) and are a significant driver of innovation. They are of key importance …Establishment of new entrepreneurial ventures have a direct influence on economic growth of the economy and society of …

We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced …. The results show that the literature leans towards Schumpeter (1942); innovation returns are modeled as following an ex … ante known probability distribution. By assuming that the outcomes of innovation activities are (probabilistically …

firm performances along the early stages of the organizational life cycle (nascent stage, emergent stage, early growth …