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Title:The process of creative construction: knowledge spillovers, entrepreneurship and economic growth PDF Logo
Authors:Agarwal, Rajshree
Audretsch, David B.
Sarkar, MB
Issue Date:2008
Series/Report no.:Jena economic research papers 2008,008
Abstract:Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action by individuals embedded in their context, results in new venture creation, heterogeneity in performance and subsequent growth in industries, regions and economies. The framework has implications for future research in entrepreneurship, strategy and economic growth.
creative destruction
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena

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