Contemporary theories of entrepreneurship generally focus on the recognition opportunities and decision to exploit them. Although literature treats as exogenous, prevailing theory economic growth suggests they are endogenous. This paper advances microeconomic foundations endogenous by developing a knowledge spillover entrepreneurship. Knowledge created endogenously results in spillovers, which allow entrepreneurs identify opportunities.

Utilizing a unique data set, Zoltan Acs and David Audretsch provide rich empirical analysis of the increased importance small firms in generating technological innovations their growing contribution to U.S. economy. They identify contributions made by both large innovative process manner which market structure, firm-size distribution particular, responds change. The authors' relies on traditional theories industrial organization tests existing hypotheses, many them previously untested due...

The hypothesis that the relative innovative advantage between large and small firms is determined by market concentration, extent of entry barriers, composition firm size within industry, overall importance innovation activity tested. authors find tend to have in industries are capital intensive, concentrated, highly unionized, produce a differentiated good. innovative, utilize component skilled labor, be composed relatively high proportion firms. Copyright 1987 MIT Press.

Journal Article What's New about the Economy? Sources of Growth in Managed and Entrepreneurial Economies Get access David B. Audretsch, Audretsch Search for other works by this author on: Oxford Academic Google Scholar A. Roy Thurik Industrial Corporate Change, Volume 10, Issue 1, 1 March 2001, Pages 267–315, https://doi.org/10.1093/icc/10.1.267 Published: 01 2001

A limitation of Audretsch's 1991 study new-firm survival was the level aggregation to industries. This precluded linking establishment-specific characteristics, such as organizational structure and size, post-entry performance. The purpose this paper is relate performance individual establishments not only their technological market environments, but also characteristics. We do by estimating a hazard duration function for more than 12,000 in U.S. manufacturing started 1976 tracking...

The findings in this paper provide some insight into how small firms are able to innovate. Using a production function approach relate knowledge generating inputs innovative output, the empirical results suggest that recipients of R&D spillovers from generated centers their larger counterparts and universities. Such apparently more decisive promoting activity than large corporations. Copyright 1994 by MIT Press.

Audretsch D. B. and Keilbach M. (2004) Entrepreneurship capital economic performance, Regional Studies38, 949-959. The neoclassical model of the production function, as applied by Solow when building growth, linked labour to output. More recently, Romer others have expanded include measures knowledge capital. This paper introduces a new factor, entrepreneurship capital, links it output in context function model. It explains what is meant why should influence A including several different...

The survival rates of over 11,000 firms established in 1976 are compared across manufacturing industries. variation ten-year industries is hypothesized to be the result differences underlying technological regime and industry-specific characteristics, especially extent scale economies capital intensity. Based on 295 four-digit standard industrial classification industries, new-firm found promoted by small-firm innovative activity. existence substantial a high capital-labor ratio tends lower...