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 work has shown that new firms are more proficient at penetrating the …