Chapter

Innovative Activity

David B. Audretsch and Albert N. Link

in Valuing an Entrepreneurial Enterprise

Published in print February 2012 | ISBN: 9780199730377
Published online May 2012 | e-ISBN: 9780199932795 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199730377.003.0002
Innovative Activity

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This chapter provides a general discussion of alternative economics frameworks for analyzing innovation activity. Alternative approached to innovation, and their implications for public policy, are compared and contrasted. The approaches include the neoclassical model, the Keynesian model, and the Schumpeterian model. This discussion underscores the topical nature and importance of the entrepreneurial enterprise.

Keywords: entrepreneurship; entrepreneurial enterprise; innovation; public policy; Keynesian model; neoclassical model; Schumpeterian model

Chapter.  8584 words. 

Subjects: Innovation

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