entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …

1. The Challenge -- 2. Theories of Growth, Innovation, and Entrepreneurship -- 3. Promoting Entrepreneurship and … Innovation—The Institutional Framework -- 4. Policies to Stimulate Innovation and Entrepreneurship -- 5. Tax Policy to Stimulate … Innovation and Entrepreneurship -- 6. Conclusions: A Framework for Innovation Policy. …

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 is the mechanism converting knowledge into economically relevant …

zero inflation. On the micro-level, this bright avenue into the future is propelled by knowledge capital, flexibility and … of the `new economy' is scarce. Knowledge Capital and the `New Economy': Firm Size, Performance and Network Production … intends to narrow this gap by empirically analyzing the composition of knowledge capital and how knowledge capital is …