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Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10005864516

Penetrating the Knowledge Filter in "Rust Belt" Economies

Ács, Zoltán; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2008

A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...

Persistent link: https://www.econbiz.de/10005864503

Penetrating the Knowledge Filter in the Rust Belt

Acs, Zoltán J.; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2007

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

Persistent link: https://www.econbiz.de/10005864529

Job Creation and Persistence in Services and Manufacturing

Armington, Catherine; Acs, Zoltán J. - Max-Planck-Institut für Ökonomik <Jena> - 2003

An important new literature on gross employment flows has produced a great outpouring of stylized facts. In this paper we examine one aspect of this literature through the lens of dynamic models and theories of industrial evolution. We extend the Davis and Haltiwanger methodology for analysis of...

Persistent link: https://www.econbiz.de/10005865251

Entrepreneurship and Innovation Policy

Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2008

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 …

Persistent link: https://www.econbiz.de/10005864511

Creating Strategic Advantage through EntrepreneurialGovernance in New Ventures

Audretsch, David B.; Lehmann, Erik; Plummer, Lawrence A. - Max-Planck-Institut für Ökonomik <Jena> - 2007

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005864514

Democratic Capitalism and Philanthropy in a Global Economy

Acs, Zoltán J.; Desai, Sameeksha - Max-Planck-Institut für Ökonomik <Jena> - 2007

globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which …

Persistent link: https://www.econbiz.de/10005864533

Innovation, strategic renewal and its effect on small firm performance

Folkeringa, Mickey; Meijaard, Joris; Stel, Adriaan J. van - Max-Planck-Institut für Ökonomik <Jena> - 2005

strategic renewal, including process innovation and knowledge management. In our regression analyses we explain the variation in …

Persistent link: https://www.econbiz.de/10005864983

The Missing Link

Acs, Zoltán J.; Audretsch, David B.; Braunerhjelm, Pontus - Max-Planck-Institut für Ökonomik <Jena> - 2004

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...

Persistent link: https://www.econbiz.de/10005865018

Entrepreneurship and the Innovation Ecosystem Policy Lessons from the United States

Wessner, Charles W. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Germany and the United States face a common challenge in promoting innovation and entrepreneurship to maintain their … innovation to commercial reality.. …

Persistent link: https://www.econbiz.de/10005865070