Endogenous growth through knowledge spillovers in entrepreneurship: An empirical test
AbstractEndogenous growth theory is based on the notion that technological knowledge stimulates growth, yet the micro foundations of this process are rarely investigated and remain obscure. Knowledge spillover theory posits that growth is contingent on the technology dependence of industries, forming the landscape for technology entrepreneurs to launch and grow new ventures. We investigate these theoretical contingencies of endogenous growth with two research questions at two levels of analysis: First, do industries with a greater need for new technology-based entrepreneurship grow disproportionately faster than other industries? Second, do the knowledge spillover effects foster the growth of new technology based firms contingent on certain industry structures? These questions are examined empirically, using a comprehensive employee-employer data set on the science and technology labor force in Sweden from 1995 to 2002.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 165.
Length: 48 pages
Date of creation: 12 Apr 2011
Date of revision:
Note: Forthcoming in Strategic Entrepreneurship Journal
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Endogenous Growth; Entrepreneurship; Industry Evolution;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-BEC-2011-04-23 (Business Economics)
- NEP-CSE-2011-04-23 (Economics of Strategic Management)
- NEP-ENT-2011-04-23 (Entrepreneurship)
- NEP-FDG-2011-04-23 (Financial Development & Growth)
- NEP-KNM-2011-04-23 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2011-04-23 (Small Business Management)
- NEP-URE-2011-04-23 (Urban & Real Estate Economics)
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