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dc.contributor.authorCarlsson, Boen_US
dc.contributor.authorÁcs, Zoltán J.en_US
dc.contributor.authorAudretsch, David B.en_US
dc.contributor.authorBraunerhjelm, Pontusen_US
dc.date.accessioned2007-10-23en_US
dc.date.accessioned2009-07-27T09:39:26Z-
dc.date.available2009-07-27T09:39:26Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25629-
dc.description.abstractThis paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United States over the last 150 years. Accor-ding to the “new growth theory,” investments in knowledge and human capital ge-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large investments in R&D do not al-ways result in economic growth. What is missing is “the knowledge filter” - the distinction between general knowledge and economically useful knowledge. Also missing is a mechanism (such as entrepreneurship) converting economically re-levant knowledge into economic activity. This paper shows that the unpreceden-ted increase in R&D spending in the United States during and after World War II was converted into economic activity via incumbent firms in the early postwar period and increasingly via new ventures in the last few decades.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,057en_US
dc.subject.jelO14en_US
dc.subject.jelO17en_US
dc.subject.jelO30en_US
dc.subject.jelN90en_US
dc.subject.keywordknowledgeen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordspilloversen_US
dc.subject.keywordhistoryen_US
dc.subject.stwWissenstransferen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwUSAen_US
dc.titleThe knowledge filter, entrepreneurship, and economic growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn547177070en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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