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Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth...

Small Business Economics Journal editor of the year award

Santarelli for his years of service to the Journal , USA 1 Zoltan J. Acs for the Editors of Small Business Economics Journal ( 2 3351 Fairfax Dr. , MS 3B1, Arlington, VA 22201 , USA Since 2016: Editor of

Philippe Aghion: recipient of the 2016 Global Award for Entrepreneurship Research

Professor Philippe Aghion is the 2016 recipient of the Global Award for Entrepreneurship Research, consisting of 100,000 Euros and a statuette designed by the internationally renowned Swedish sculptor Carl Milles. He is one of the most influential researchers worldwide in economics in the last couple of decades. His research has advanced our understanding of the relationship...

INSTITUTIONS AND THE RATE OF FORMAL AND INFORMAL ENTREPRENEURSHIP ACROSS COUNTRIES (INTERACTIVE PAPER)

INFORMAL ENTREPRENEURSHIP ACROSS COUNTRIES Zoltan J. Acs, George Mason University, USA Sameeksha Desai, Indiana University, USA Pekka Stenholm, University of Turku, Finland Robert Wuebker, University of

Patents, knowledge spillovers, and entrepreneurship

We develop an endogenous-growth model in which we distinguish between inventors and innovators. This distinction implies that stronger protection of intellectual property rights has an inverted U-shaped effect on economic growth. Intellectual property rights protection attributes part of the rents of commercial exploitation to the inventor that would otherwise accrue to the...

INSTITUTIONAL APPROACH ON GROWTH-ORIENTED ENTREPRENEURSHIP (SUMMARY)

University 2 George Mason University 3 CONTACT: Pekka Stenholm 4 Pekka Stenholm, Turku School of Economics, University of Turku, Finland Erkko Autio, Imperial College Business School, UK Zoltan J. Acs, School

Employment effects of business dynamics: Mice, Gazelles and Elephants

Zoltan J. Acs 0 Pamela Mueller 0 JEL Classification 0 0 Z. J. Acs P. Mueller (&) Entrepreneurship, Growth and Public Policy, Max Planck Institute of Economics , Kahlaische Strasse 10, Jena 07745

ENTREPRENEURSHIP AND COMPETITIVENESS DYNAMICS: A DEVELOPING COUNTRIES PERSPECTIVE (INTERACTIVE PAPER)

Recent studies suggest that during the last two decades the development of new technologies, and the emergence of new business models, has shifted from large corporations to small and new ventures (Thurow, 2003; Wennekers et al., 2005, Amorós and Cristi, 2008). Nevertheless, the competitive impact of the latter differ not only between countries with different stages of...

WHAT DOES “ENTREPRENEURSHIP” DATA REALLY SHOW? A COMPARISON OF THE GLOBAL ENTREPRENEURSHIP MONITOR AND WORLD BANK GROUP DATASETS (SUMMARY)

Babson. For more information , please contact 1 George Mason University 2 CONTACT: Zoltan J. Acs 3 Zoltan J. Acs, George Mason University, USA Sameeksha Desai, Max Planck Institute, Germany Leora Klapper

WHAT DOES “ENTREPRENEURSHIP” DATA REALLY SHOW? A COMPARISON OF THE GLOBAL ENTREPRENEURSHIP MONITOR AND WORLD BANK GROUP DATASETS (SUMMARY)

Babson. For more information , please contact 1 George Mason University 2 CONTACT: Zoltan J. Acs 3 Zoltan J. Acs, George Mason University, USA Sameeksha Desai, Max Planck Institute, Germany Leora Klapper

Entrepreneurship and competitiveness dynamics in Latin America

This study analyses the relationship between entrepreneurial dynamics and the level of competitiveness in Latin American countries. Based on a stage of economic development model, we demonstrate that Latin American countries under the model followed different paths related to competitiveness. These different paths can explain the effect of specific competitiveness conditions on...

Entrepreneurship, economic development and institutions

This paper is an introduction to the special issue from the 3rd Global Entrepreneurship Monitor Research Conference held in Washington, D.C., in 2008. The paper has three objectives. First, to discuss the importance of the three stages of economic development, the factor-driven stage, the efficiency-driven stage and the innovation-driven stage. Second, to examine the empirical...

The missing link: knowledge diffusion and entrepreneurship in endogenous growth

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. However, endogenous growth theory does not explain how or why spillovers occur. This paper presents a model that shows how growth depends on knowledge accumulation and its...

The knowledge spillover theory of entrepreneurship

Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge...

What does “entrepreneurship” data really show?

In this paper, we compare two datasets designed to measure entrepreneurship: The Global Entrepreneurship Monitor (GEM) dataset and the World Bank Group Entrepreneurship Survey (WBGES) dataset. We find a number of important differences when the data are compared. First, GEM data tend to report significantly higher levels of early stage entrepreneurship in developing economies than...

APPLYING THE KNOWLEDGE SPILLOVER THEORY OF ENTREPRENEURSHIP TO THE EMERGENCE OF KNOWLEDGE BASED ENTREPRENEURSHIP (SUMMARY)

In this paper we study the evolution of knowledge-based entrepreneurship in Wales and Ireland. We explore how industrial policy choices influenced the nature, extent and evolution of knowledge-based entrepreneurship. Ireland and Wales offer a ‘natural experiment’ for exploring the impact of policy on the emergence of knowledge-based entrepreneurship because they both face...

FROM ENTREPRENEURSHIP TO ECONOMIC DEVELOPMENT: CELEBRATING TEN YEARS OF GLOBAL ENTREPRENEURSHIP MONITOR

, please contact 1 Zoltan J. Acs, George Mason University, USA José E. Amorós, Universidad del Desarrollo , Santiago, Chile Niels S. Bosma , Utrecht University , Utrecht , The Netherlands Jonathan Levie

FROM ENTREPRENEURSHIP TO ECONOMIC DEVELOPMENT: CELEBRATING TEN YEARS OF GLOBAL ENTREPRENEURSHIP MONITOR

, please contact 1 Zoltan J. Acs, George Mason University, USA José E. Amorós, Universidad del Desarrollo , Santiago, Chile Niels S. Bosma , Utrecht University , Utrecht , The Netherlands Jonathan Levie