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Testing the Schumpeterian Hypothesis

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  • Zoltan J. Acs
  • David B. Audretsch

Abstract

The late Joseph Schumpeter had opposing views about economic development. In his earlier work, he argued that innovation is promoted by the presence of entrepreneurs outside the firm. Later, he argued that innovation activity is promoted by large firms, for whom the innovation process in endogenous. This paper uses a direct measure of innovation to test the later Schumpeterian hypothesis. The authors find support for bo th the early and later Schumpeterian hypotheses about innovation.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume14/V14N2P129_140.pdf
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Bibliographic Info

Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 14 (1988)
Issue (Month): 2 (Apr-Jun)
Pages: 129-140

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Handle: RePEc:eej:eeconj:v:14:y:1988:i:2:p:129-140

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Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
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Cited by:
  1. Iritié, B. G. Jean-Jacques, 2014. "Enjeux des politiques industrielles basées sur les clusters d'innovation: cas des pôles de compétitivité
    [Issues of Innovative Clusters-based Industrial Policy: Case of Pole of Competitiveness]
    ," MPRA Paper 54429, University Library of Munich, Germany.
  2. Toke Reichstein & Michael Dahl, 2004. "Are Firm Growth Rates Random? Analysing Patterns and Dependencies," International Review of Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 18(2), pages 225-246.
  3. Iritié, Jean-Jacques B-G., 2012. "Effets des pôles de compétitivité dans les industries de haute technologie : une analyse d'économie industrielle de l'innovation
    [Effects of competitiveness clusters in high technology industri
    ," MPRA Paper 46686, University Library of Munich, Germany.
  4. Criscuolo, Paola & Nicolaou, Nicos & Salter, Ammon, 2012. "The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms," Research Policy, Elsevier, Elsevier, vol. 41(2), pages 319-333.
  5. Chava, Sudheer & Oettl, Alexander & Subramanian, Ajay & Subramanian, Krishnamurthy V., 2013. "Banking deregulation and innovation," Journal of Financial Economics, Elsevier, Elsevier, vol. 109(3), pages 759-774.

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