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Knowledge creation, entrepreneurship, and economic growth: a historical review

Author

Listed:
  • Bo Carlsson
  • Zoltan J. Acs
  • David B. Audretsch
  • Pontus Braunerhjelm

Abstract

This article explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United States over the last 150 years. Distinguishing between general knowledge and economically useful knowledge, we examine the changes over time in the locus and content of new knowledge creation: the role of universities, particularly engineering schools and land-grant universities, industrial laboratories, and corporate research and development (R&D) laboratories prior to World War II. The practical orientation of US academic R&D and the close research interaction between academia and industry are noted. We study the unprecedented increase in R&D spending in the United States during and after World War II and how it was converted into economic activity via incumbent firms in the early postwar period and increasingly via new ventures in the last few decades. Copyright 2009 The Author 2009. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Bo Carlsson & Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm, 2009. "Knowledge creation, entrepreneurship, and economic growth: a historical review," Industrial and Corporate Change, Oxford University Press, vol. 18(6), pages 1193-1229, December.
  • Handle: RePEc:oup:indcch:v:18:y:2009:i:6:p:1193-1229
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    Cited by:

    1. Proeger, Till, 2017. "Knowledge spillovers and absorptive capacity - institutional evidence from the 'German Mittelstand'," Center for European, Governance and Economic Development Research Discussion Papers 320, University of Goettingen, Department of Economics.
    2. Haifeng Qian & Hyejin Jung, 2017. "Solving the knowledge filter puzzle: absorptive capacity, entrepreneurship and regional development," Small Business Economics, Springer, vol. 48(1), pages 99-114, January.
    3. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9481-8 is not listed on IDEAS
    4. Junghee Han & Almas Heshmati, 2016. "Determinants Of Financial Rewards From Industry–University Collaboration In South Korea," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(07), pages 1-26, October.
    5. Kassicieh, Sul & Ahluwalia, Saurabh & Majadillas, Mary Anne, 2015. "Financial analysis in management of technology programs: links in a clinical approach," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 66-77.
    6. Joern Block & Roy Thurik & Haibo Zhou, 2013. "What turns knowledge into innovative products? The role of entrepreneurship and knowledge spillovers," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 693-718, September.
    7. repec:eee:respol:v:47:y:2018:i:3:p:650-662 is not listed on IDEAS
    8. Braunerhjelm, Pontus, 2010. "Entrepreneurship, Innovation and Economic Growth – Past experiences, current knowledge and policy implications," Working Papers 2010:2, Swedish Entrepreneurship Forum.
    9. Bo Carlsson & Pontus Braunerhjelm & Maureen McKelvey & Christer Olofsson & Lars Persson & Håkan Ylinenpää, 2013. "The evolving domain of entrepreneurship research," Small Business Economics, Springer, vol. 41(4), pages 913-930, December.
    10. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2016. "Labour as a knowledge carrier: how increased mobility influences entrepreneurship," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1308-1326, December.
    11. Zoltán J. Acs & David B. Audretsch & Erik E. Lehmann & Georg Licht, 2016. "National systems of entrepreneurship," Small Business Economics, Springer, vol. 46(4), pages 527-535, April.
    12. Frank Lasch & Frank Robert & Frédéric Roy, 2013. "Regional determinants of ICT new firm formation," Small Business Economics, Springer, vol. 40(3), pages 671-686, April.
    13. Feser, Daniel & Proeger, Till, 2015. "Asymmetric information as a barrier to knowledge spillovers in expert markets," Center for European, Governance and Economic Development Research Discussion Papers 259, University of Goettingen, Department of Economics.
    14. Marchese, Carla & Marsiglio, Simone & Privileggi, Fabio & Ramello, Giovanni, 2014. "Endogenous Recombinant Growth through Market Production of Knowledge and Intellectual Property Rights," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201413, University of Turin.
    15. Niccolò Ghio & Massimiliano Guerini & Erik Lehmann & Cristina Rossi-Lamastra, 2015. "The emergence of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 44(1), pages 1-18, January.
    16. Magnus Henrekson, 2014. "Entrepreneurship, innovation, and human flourishing," Small Business Economics, Springer, vol. 43(3), pages 511-528, October.
    17. Lindholm-Dahlstrand, Asa & Andersson, Martin & Carlsson, Bo, 2016. "Entrepreneurial Experimentation: A key function in Entrepreneurial Systems of Innovation," Papers in Innovation Studies 2016/20, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    18. repec:kap:jtecht:v:43:y:2018:i:1:d:10.1007_s10961-016-9484-5 is not listed on IDEAS
    19. Pontus Braunerhjelm & Zoltán J. Ács & David B. Audretsch & Bo Carlsson, 2015. "The missing link: knowledge diffusion and entrepreneurship in endogenous growth," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 6, pages 108-128 Edward Elgar Publishing.
    20. repec:eee:jbrese:v:84:y:2018:i:c:p:243-252 is not listed on IDEAS
    21. Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press, vol. 22(6), pages 1453-1495, December.
    22. repec:kap:jtecht:v:43:y:2018:i:1:d:10.1007_s10961-015-9414-y is not listed on IDEAS
    23. Daniel Feser & Till Proeger, 2017. "Asymmetric information as a barrier to knowledge spillovers in expert markets," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 211-232, March.
    24. Niccolò Ghio & Massimiliano Guerini & Cristina Rossi-Lamastra, 2016. "University knowledge and the creation of innovative start-ups: an analysis of the Italian case," Small Business Economics, Springer, vol. 47(2), pages 293-311, August.
    25. Koutroumpis, Pantelis & Leiponen, Aija & Thomas, Llewellyn D W, 2017. "Invention Machines: How Control Instruments and Information Technologies Drove Global Technologigal Progress over a Century of Invention," ETLA Working Papers 52, The Research Institute of the Finnish Economy.

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