This paper suggests that the spillover of knowledge may not occur automatically as has typically been assumed in models of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of knowledge from the source creating it to the firm...

This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge-nerate economic growth via spillovers of knowledge. But the...

This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United States over the last 150 years. According to the quot;new growth theory,quot; investments in knowledge and human capital generate economic growth via spillovers of knowledge. But...