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http://hdl.handle.net/10419/19999
  

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dc.contributor.authorÁcs, Zoltán J.en_US
dc.contributor.authorAudretsch, David B.en_US
dc.contributor.authorBraunerhjelm, Pontusen_US
dc.contributor.authorCarlsson, Boen_US
dc.coverage.temporal1981-2000en_US
dc.date.accessioned2009-01-28T16:10:11Z-
dc.date.available2009-01-28T16:10:11Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19999-
dc.description.abstractThe 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 is the mechanism converting knowledge into economically relevant knowledge. This Paper develops a model that introduces a filter between knowledge and economic knowledge and identifies entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981-2001 provides empirical support for the model. We conclude that public policies facilitating knowledge spillovers through entrepreneurship may be an important new approach to promoting economic growth.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesPapers on entrepreneurship, growth and public policy 0805en_US
dc.subject.jelL10en_US
dc.subject.jelO10en_US
dc.subject.ddc330en_US
dc.subject.keywordEndogenous growthen_US
dc.subject.keywordknowledgeen_US
dc.subject.keywordinnovation and entrepreneurshipen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwSpillover-Effekten_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleThe missing link: the knowledge filter and entrepreneurship in endogenous growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn494673389en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik

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