Entrepreneur and Technological Change

Myung-Joong Kwon and Jong-gul Lee
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Myung-Joong Kwon: Yonsei University
Jong-gul Lee: Hankuk University of Foreign Studies

Korean Economic Review, 1999, vol. 15, 253-267

Abstract: The literature on technological change has grown in the last two decades and has made a number of significant theoretical advances, but the role of the entrepreneur in technological change has been relatively ignored. In this paper we attempted to fill this gap and explored the role of the entrepreneur in generating technological change. We constructed an empirical model to analyze the role of the entrepreneur in technological change in the context of deciding the undertaking of the innovation and the commercialization time of the inno-vation. This model was tested upon a set of data covering 24 innovating firms. The results indicates that the entrepreneur do impact upon the innovation process, and the degree of the impact reaches about two third of what R&D costs impact upon the innovation.

Keywords: Entrepreneur; Technological Change; Economic Development (search for similar items in EconPapers)
JEL-codes: O33 O39 (search for similar items in EconPapers)
Date: 1999
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