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Entrepreneur and Technological Change

Author

Listed:
  • Myung-Joong Kwon

    (Yonsei University)

  • Jong-gul Lee

    (Hankuk University of Foreign Studies)

Abstract

The literature on technological change has grown in the last two decades and has made a number of significant theoretical advances, but the role of the entrepreneur in technological change has been relatively ignored. In this paper we attempted to fill this gap and explored the role of the entrepreneur in generating technological change. We constructed an empirical model to analyze the role of the entrepreneur in technological change in the context of deciding the undertaking of the innovation and the commercialization time of the inno-vation. This model was tested upon a set of data covering 24 innovating firms. The results indicates that the entrepreneur do impact upon the innovation process, and the degree of the impact reaches about two third of what R&D costs impact upon the innovation.

Suggested Citation

  • Myung-Joong Kwon & Jong-gul Lee, 1999. "Entrepreneur and Technological Change," Korean Economic Review, Korean Economic Association, vol. 15, pages 253-267.
    • Handle: RePEc:kea:keappr:ker-199912-15-2-03
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    More about this item

    Keywords

    Entrepreneur; Technological Change; Economic Development;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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