The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth

Rajshree Agarwal (), David B. Audretsch () and MB Sarkar
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Rajshree Agarwal: University of Illinois at Urbana Champaign
MB Sarkar: University of Central Florida

No 2008-008, Jena Economic Research Papers in Economics from Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek

Abstract: Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action by individuals embedded in their context, results in new venture creation, heterogeneity in performance and subsequent growth in industries, regions and economies. The framework has implications for future research in entrepreneurship, strategy and economic growth.

Keywords: growth; spillovers; creative destruction; entrepreneurship (search for similar items in EconPapers)
JEL-codes: L16 L21 M13 O11 O40 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-hrm, nep-ino, nep-knm and nep-tid
Date: 2008-01-30

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Persistent link: http://EconPapers.repec.org/RePEc:jrp:jrpwrp:2008-008

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