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...

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This article reviews the academic contributions of the 2011 receiver of the Global Award for Entrepreneurship Research, Professor Steven Klepper, Carnegie Mellon University. The Global Award consists of 100,000 Euro and a statuette of the internationally renowned Swedish sculpture Carl Milles....

As technology is one of the main drives of economy, many studies attempt to open this black box and understand how it functions. In this paper, I will discuss the benefits of examining technology as a system and emphasis on the linkage between industrial structure and technologies. After...