Armour, John; Cumming, Douglas - ESRC Centre for Business Research - 2005
increasingly ‘knowledge-driven’, policymakers have embraced the idea of
‘entrepreneurship policy’ with enthusiasm. One mechanism … in ‘knowledge-based’ industries—services and
‘high-tech’ industry (Audrestch, 1995). Strikingly, the share of GDP and … ‘creative destruction’ seems more apt. Within this framework,
entrepreneurs are agents who test the limits of knowledge and …