During the past two centuries, universities have evolved from being “accumulators” of knowledge, largely separated from society, to “knowledge hubs,” which are deeply embedded in systems of innovation and take on the role of instigating economic and social development. Despite economic,...

This paper analyzes the effect of entrepreneurship capital types on economic growth. We use an augmented Cobb-Douglas production function, which introduces variables such as entrepreneurship capital into the analysis of growth as endogenous factor. We differentiate our work from the previous...

This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in growth models. Rather, a mechanism is required to serve as a...