We focus on both individual and local uncertainty to explain the innovation potential of entrepreneurs in the NUTS1 UK … choices are truncated is taken as a determinant of an entrepreneur’s innovation decision. GEM (Global Entrepreneurship Monitor … determinant of individual entrepreneurial choice. The regional effect appears to amount to about 4% of the innovation differences …

deterministic model, R&D in time surely leads to an innovation in time In this setting, we show that relative to the balanced growth … innovation and a higher growth rate. Next, in the stochastic model, R&D in time probabilistically leads to an innovation in time … increases the average growth rate and the average unemployment. Creative Destruction ; Dynamic ; Entrepreneur ; Innovation …