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Testing the Schumpeterian Hypothesis

Author

Listed:
  • 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.

Suggested Citation

  • Zoltan J. Acs & David B. Audretsch, 1988. "Testing the Schumpeterian Hypothesis," Eastern Economic Journal, Eastern Economic Association, vol. 14(2), pages 129-140, Apr-Jun.
  • Handle: RePEc:eej:eeconj:v:14:y:1988:i:2:p:129-140
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume14/V14N2P129_140.pdf
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    Cited by:

    1. Burak Dindaroglu, 2011. "R&D Productivity and Firm Size in Semiconductors and Pharmaceuticals: Evidence from Citation Yields," Working Papers 1101, Izmir University of Economics.
    2. Yagi, Michiyuki & Managi, Shunsuke, 2016. "Time-period and industry heterogeneity of innovation activity in Japan," Economic Analysis and Policy, Elsevier, vol. 50(C), pages 100-119.
    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 industries:
      ," MPRA Paper 46686, University Library of Munich, Germany.
    4. 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.
    5. Chava, Sudheer & Oettl, Alexander & Subramanian, Ajay & Subramanian, Krishnamurthy V., 2013. "Banking deregulation and innovation," Journal of Financial Economics, Elsevier, vol. 109(3), pages 759-774.
    6. Toke Reichstein & Michael Dahl, 2004. "Are Firm Growth Rates Random? Analysing Patterns and Dependencies," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 225-246.
    7. Karbowski Adam, 2016. "The Elasticity-Based Approach to Enterprise Innovation," International Journal of Management and Economics, De Gruyter Open, vol. 49(1), pages 58-78, March.
    8. repec:eee:respol:v:47:y:2018:i:2:p:440-461 is not listed on IDEAS
    9. 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, vol. 41(2), pages 319-333.

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