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State Programs to Promote the Growth of Innovative Firms in the United States – A Taxonomy

Charles Ou ()
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Charles Ou: Small Business Administration, Office of Economic Research

Chapter Chapter 2 in The Economics of Small Businesses, 2011, pp 25-47 from Springer

Abstract: Abstract This article provides an overview of state programs designed to promote innovation– especially to those targeted at growing innovative firms throughout the United States. It argues that governments can best promote business growth by improving the working of the output and resource markets so that entrepreneurs can exploit the market opportunities and that by investing in the resource markets to increase the supply of resources, innovative entrepreneurs can successfully develop new products at low costs.

Keywords: Transaction Cost; Market Participant; Equity Capital; Innovative Firm; Product Liability (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2623-4_2

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DOI: 10.1007/978-3-7908-2623-4_2

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