This paper deals with modern industrial development processes of new technologies. It focuses an in-creasing complexity and interdependence of the different actors combining different knowledge assets.

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...

Did breakthroughs in core processes during the Industrial Revolution tend to generate furtherinnovations in downstream technologies? Here a theoretical model examines the effect of apolitical shock on a non-innovating society in which there is high potential willingness tocooperate. The result...

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

It is shown that spillovers can enhance private returns to innovation if they feedback into the dynamic research of the original inventor (Internalized spillovers), butwill always reduce private returns, if the original inventor does not benefit fromthe advancements other inventors build into...