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Exploration and exploitation: the role of entrepreneurship and R&D in the process of innovation
Keilbach, Max; Sanders, Mark - 2007
We formulate a model that explicitly separates two functions in the innovation process: The introduction of new goods … stable non trivial allocation of labor to production, innovation and entrepreneurship. We compute the steady state allocation … of labor to production, R&D and Entrepreneurship. We show that the innovation rate decreases if one of the innovative …
Persistent link: https://www.econbiz.de/10010263851
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Financial and institutional reforms for an entrepreneurial society
Economidou, Claire; Grilli, Luca; Henrekson, Magnus; … - 2018
In this paper, we introduce a special issue of Small Business Economics on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are...
Persistent link: https://www.econbiz.de/10011917079