The present dissertation examines the impact of the diffusion of general purpose technologies (GPTs) on economic structure and long-term development. It is motivated by the fact that previous studies of GPTs do not consider the vertical integration of production sufficiently, and mostly revolve...

This paper analyzes the effects of new business formation on industry growth. Dynamic panel techniques are used to test two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead to amplified innovations by diminishing the knowledge...