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Growth and entrepreneurship

Acs, Zoltan J. and Audretsch, David B. and Braunerhjelm, Pontus and Carlsson, Bo (2012) Growth and entrepreneurship. Small Business Economics, 39 (2). pp. 289-300. ISSN 0921-898X

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Identification Number: 10.1007/s11187-010-9307-2

Abstract

In this paper we suggest that the spillover of knowledge may not occur automatically as typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit for the spillover and commercialization of knowledge from the source creating it, to the firms actually commercializing the new ideas. In this paper, entrepreneurship is identified as one such mechanism facilitating the spillover of knowledge. Using a panel of entrepreneurship data from 18 countries, we provide empirical evidence that, in addition to measures of Research & Development and human capital, entrepreneurial activity also serves to promote economic growth.

Item Type: Article
Official URL: http://link.springer.com/journal/11187
Additional Information: © 2012 Springer
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Management
Date Deposited: 09 Apr 2014 13:30
Last Modified: 09 Apr 2014 13:30
URI: http://eprints.lse.ac.uk/id/eprint/56455

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