Entrepreneurship, Innovation, and Multi-Regional Economic Growth and Welfare : A Theoretical Research Agenda

We discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and multi-regional economic growth and welfare. This agenda advocates the use of endogenous economic growth theory and advances in new economic geography to analyze models that will shed light on the effects of innovative entrepreneurship on economic growth and welfare in multiple regions. Four salient questions comprise the subject matter of this paper. First, what are the impacts of human capital use, innovative activities, and alternate patent policies on economic growth and welfare in any region i where i=1,...,~N? Second, what are the effects of human capital use and negative externalities in innovation on economic growth and welfare in this ith region? Third, what are the impacts of alternate tax policies on innovation driven economic growth in the ith region? Finally, what role does the human capital in the ith region play in influencing innovation driven economic growth and welfare in this region?