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|Title:||The process of creative construction: knowledge spillovers, entrepreneurship and economic growth |
Audretsch, David B.
|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.|
|Document Type:||Working Paper|
|Appears in Collections:||Jena Economic Research Papers, MPI für Ökonomik|
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