Growth and Entrepreneurship: An Empirical Assessment

Zoltan J. Acs, (), David B. Audretsch (), Pontus Brodde Braunerhjelm () and Bo Carlsson

No 5409, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: entrepreneurship; growth (search for similar items in EconPapers)
JEL-codes: M13 O40 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-hrm and nep-tid
Date: Written 2006-01
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Related works:
Working Paper: Growth and Entrepreneurship: An Empirial Assessment (2005)
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