Entrepreneurship, technological innovation, and economic growth: studies in the Schumpeterian tradition
Joseph A. Schumpeter emphasized the crucial role that technological innovation and change play in generating economic growth; entrepreneurship as a driving force in the achievement of innovation; and the process of creative destruction through which innovation constantly reshapes the very market structure out of which it arises.
In this volume, a number of essays consider, in the Schumpeterian tradition, the decline in average rates of productivity growth that most of the world's industrial economies have experienced since the early 1970s. A group of leading international scholars exlores this critical issue in terms of the fundamental linkages among economic growth, innovation, and entrepreneurship that may underlie at least a part of the observed productivity growth slowdown.
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analysis Audretsch billion Cambridge citations companies competence competition corporate control costs countries decline domestic dominant dynamic EC Commission economies of scale economists efficiency Eliasson enterprises entrepreneur equilibrium essay Europe European export factor funds Germany global important increase innovation policy input institutional investment investors Japan Japanese Jefferson Joseph Alois Schumpeter junk bonds knowledge labor large firms learning major managerial managers manufacturing market for corporate ment merger methodology National Science Board Nelson Netherlands nomic OECD organization organizational output P/E ratios Pavitt percent political position problems production profits R&D expenditures relative result role Schumpeter Schumpeter's Schumpeterian sectors share small firms social static strategic managers strategies structure tech Technical Change technological specialization technology policy tion total factor productivity trade U.S. firms U.S. industrial United United Kingdom University Press value conversion Welfens West Germany York