entrepreneurial economy vis-à-vis the managed economy. We then explore whether restructuring towards the entrepreneurial economy has … been conducive to economic growth and job creation. Our empirical analysis links the stage of the transition towards an … entrepreneurial economy to the growth rates of European countries over a recent period. We find that those countries which have …

and growth. I first develop a simple endogenous growth model that emphasizes the process of technological absorption in … will tend to grow faster. Whether this higher growth is permanent, or only a short run result, will depend on the relative … growth …