The Entrepreneruship-Philanthropy Nexus: Implication for internationalization

Zoltan J. Acs, () and Pontus Brodde Braunerhjelm ()

No 34, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: This paper examines how Sweden and the United States have been impacted by philanthropic activities, commercialization of university-based knowledge and international entrepreneurship. The analysis comprises a detailed case study of Swedish and U.S. universities, as well as a statistical analysis of the impact of philanthropy on economic growth. The results show that the United States has prompted a university system based on competition and variety, with an emphasis on philanthropy, promoting knowledge creation. International entrepreneurship has been an important mechanism by which this knowledge is globalized leading to increased economic growth. Conversely, Swedish universities were characterized by less commercialized R&D and weak links to the commercial sector, rooted traditionally in dependence on tax-financed and homogenous university structure. The Swedish model has begun to change with important implications for development in smaller domestic markets. The analysis has important implications for knowledge creation as a source of economic growth through international entrepreneurship taking advantage of globalization, especially for smaller countries.

Keywords: Philanthropy; entrepreneurship; growth (search for similar items in EconPapers)
JEL-codes: M13 M14 O30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-ino
Date: Written 2005-08-12
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Related works:
Working Paper: The Entrepreneurship-Philanthropy Nexus: Implication for Internationalization (2004)
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