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This paper reconsiders the predominant typology pioneered by Baumol (1990) between productive, unproductive and destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and therefore easily fails to appreciate the true impact of...
Persistent link: https://www.econbiz.de/10004969817
strong performance in technological innovation. …
Persistent link: https://www.econbiz.de/10011095045
of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …
Persistent link: https://www.econbiz.de/10011118578
It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...
Persistent link: https://www.econbiz.de/10011211884
This essay uses Edmund Phelps new book Mass Flourishing: How Grassroots Innovation Created Jobs,Challenge, and Change … (Princeton University Press, 2013) as inspiration to discuss innovation and entrepreneurship. The book is laudable for its … innovation and the lack of convincing empirical evidence for the claim that the rate of innovation has slowed. These flaws are …
Persistent link: https://www.econbiz.de/10011186638
No abstract.
Persistent link: https://www.econbiz.de/10010818320
(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …
Persistent link: https://www.econbiz.de/10010818343
No abstract.
Persistent link: https://www.econbiz.de/10010818375
No abstract.
Persistent link: https://www.econbiz.de/10010818376
No abstract.
Persistent link: https://www.econbiz.de/10010818379