Entrepreneurship and Economic Growth

Business & Finance, Economics, Economic Development, Career Planning & Job Hunting, Entrepreneurship, Entrepreneurship & Small Business
Cover of the book Entrepreneurship and Economic Growth by David B. Audretsch, Max C. Keilbach, Erik E. Lehmann, Oxford University Press
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Author: David B. Audretsch, Max C. Keilbach, Erik E. Lehmann ISBN: 9780190293116
Publisher: Oxford University Press Publication: April 27, 2006
Imprint: Oxford University Press Language: English
Author: David B. Audretsch, Max C. Keilbach, Erik E. Lehmann
ISBN: 9780190293116
Publisher: Oxford University Press
Publication: April 27, 2006
Imprint: Oxford University Press
Language: English

By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth.

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By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth.

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