Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24892
Authors: 
Ács, Zoltán J.
Audretsch, David B.
Braunerhjelm, Pontus
Carlsson, Bo
Year of Publication: 
2005
Series/Report no.: 
Papers on entrepreneurship, growth and public policy 3205
Abstract: 
This paper suggests that the spillover of knowledge may not occur automatically as has typically been assumed in models of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of knowledge from the source creating it to the firm actually commercializing the new ideas. In this paper, entrepreneurship is identified as one such mechanism facilitating the spillover of knowledge. Using a panel of entrepreneurship data for 18 countries, empirical evidence is found that in addition to measures of R&D and human capital, entrepreneurial activity also serves to promote economic growth.
Subjects: 
Entrepreneurship
Growth
Document Type: 
Working Paper

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