Recognition of a profit opportunity requires a framework of knowledge to place information about a profit opportunity in a context where it can be recognized. The same information about a profit opportunity could be revealed to many people, yet only a few with the appropriate knowledge will be...

The purpose of this paper is to provide a link between entrepreneurial activity on the one hand, and industry evolution and economic growth on the other. The role that entrepreneurship plays in innovative activity is explained. The link between entrepreneurship and industry evolution through the...

This paper shows that the parsimoniously time-varying methodology of Callot and Kristensen (2015) can be applied to factor models. We apply this method to study macroeconomic instability in the United States from 1959:1 to 2006:4 with a particular focus on the Great Moderation. Models with...

This study examines the role of social and cultural acceptance of new ideas and the fear of failure in emerging economies within the context of entrepreneurship and growth (Romer Growth Model, 1986). Using data from the Global Entrepreneurship Monitor and the Panel Regression Analysis...

Capitalists, Workers, and Fiscal Policy Contents List of Figures xi List of Tables xiii Preface xv Main Symbols ...