Journal Article

Entrepreneurship capital and economic growth

David B. Audretsch

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 23, issue 1, pages 63-78
Published in print March 2007 | ISSN: 0266-903X
Published online January 2007 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/grm001
Entrepreneurship capital and economic growth

More Like This

Show all results sharing these subjects:

  • Economic Growth and Aggregate Productivity
  • Technological Change; Research and Development
  • Macroeconomics and Monetary Economics
  • Entrepreneurship

GO

Show Summary Details

Preview

This paper shows how and why the Solow growth accounting framework is useful for linking entrepreneurship capital to economic growth. The knowledge filter impedes the spillover of knowledge for commercialization, thereby weakening the impact of knowledge investments on economic growth. By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link betwn investments in new knowledge and economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spillover of knowledge and ultimately generate economic growth. The emergence of entrepreneurship policy to promote economic growth is interpreted as an attempt to promote entrepreneurship capital, or the capacity of an economy to generate the start-up and growth of new firms.

Keywords: entrepreneurship; growth; knowledge spillovers; Solow; O4; O3; E0; L26

Journal Article.  7943 words. 

Subjects: Economic Growth and Aggregate Productivity ; Technological Change; Research and Development ; Macroeconomics and Monetary Economics ; Entrepreneurship

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.