Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/19999 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Papers on Entrepreneurship, Growth and Public Policy No. 0805
Verlag: 
Max Planck Institute for Research into Economic Systems, Jena
Zusammenfassung: 
The 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.
Schlagwörter: 
Endogenous growth
knowledge
innovation and entrepreneurship
JEL: 
L10
O10
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
569.45 kB





Publikationen in EconStor sind urheberrechtlich geschützt.