Motivated by differences in new-firm survival across regions, this paper explores the impact of regional human capital on new-firm survival rates. New-firm survival is interpreted through formation rates of surviving versus closed firms in the service sector. By incorporating knowledge...

This paper relies on interviews and documentary evidence to describe federal RD&D policy for SO2 and NOx emissions controls for coal-fired power plants from 1970 to 2000 and to assess its impact on technology development. The narrative begins by describing the RD&D program of the EPA in the...

Although there is growing evidence on the role of agglomeration economies in the formation and growth of firms, both the concepts of agglomeration economies and entrepreneurship tend to be ambiguously defined and measured in the literature. In this study, we aim to improve the conceptualisations...

Technological change is a central element in macroeconomic growth explanation. Endogenous growth models take a revolutionary step towards better understanding the economic growth process by deriving technological change from profit-motivated individual behavior. In endogenous growth theory...

Modeling the spatial aspect of growth has finally become an important subject of economics as exemplified by the increasing popularity of the new economic geography. However, new economic geography models have still not been able to develop a consistent approach to integrate innovation, space...

The analysis of the effect of new ventures on the economy has been widely investigated over the last decade. However, the Global Entrepreneurship Monitor (GEM) international research was the first that provided a consistent and comparable estimation of the entrepreneurial activity over nations....

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...