This article reviews the academic contributions of the 2011 receiver of the Global Award for Entrepreneurship Research, Professor Steven Klepper, Carnegie Mellon University. The Global Award consists of 100,000 Euro and a statuette of the internationally renowned Swedish sculpture Carl Milles....

There is a need for a conceptual approach that, with reference to explicit micro-level mechanisms and processes of industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper develops the concept of "entrepreneurial systems of...

This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United States over the last 150 years. According to the quot;new growth theory,quot; investments in knowledge and human capital generate economic growth via spillovers of knowledge. But...

Research on entrepreneurship has flourished in recent years and is evolving rapidly. This paper explores the history of entrepreneurship research, how the research domain has evolved, and its current status as an academic field. The need to concretize these issues stems partly from a general...

The concept of Innovation System has been used since the late 1980s to analyze innovation and economic growth at various levels. National innovation systems focus primarily on national institutions that support knowledge creation and learning as the basis for innovation. Other systems focus on...

Industrial Dynamics (ID) is a new and rapidly growing field of research. Whereas Industrial Organization is based on static or comparative static analysis, ID emphasizes dynamics. ID focuses on the causes (driving forces) of economic transformation and growth - the dynamics and evolution of...