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Innovation, Entrepreneurship, and the Economy in the US, China, and India

Author

Listed:
  • Shah, Rajiv

    (Jindal School of Management, University of Texas, Dallas, TX, USA)

  • Gao, Zhijie

    (Northeast Agricultural University, Harbin, PR China)

  • Mittal, Harini

    (Bronx Community College, City University of New York, NY, USA)

Abstract

What drives innovation and entrepreneurship in India, China, and the United States? Our data-rich and evidence-based exploration of relationships among innovation, entrepreneurship, and economic growth yields theoretical models of economic growth in the context of macroeconomic factors. Because we know far too little about the key characteristics of Chinese and Indian entrepreneurs and the ways they innovate, our balanced, systematic comparison of entrepreneurship and innovation results in a new approach to looking at economic growth that can be used to model empirical data from other countries. The importance of innovation and entrepreneurship to any economy has been recognized since the pioneering work of Joseph Schumpeter. Our analysis of the major factors that affect innovation and entrepreneurship in these three parts of the world – US, China and India –provides a comprehensive view of their effects and their likely futures. Looks at elements important for innovation and entrepreneurship and compares them against each other within the three countries Places theoretical modeling of economic growth in the context of the overall macroeconomic factors Explores questions about the relationships among innovation, entrepreneurship and economic growth in China, India and the US.

Suggested Citation

  • Shah, Rajiv & Gao, Zhijie & Mittal, Harini, 2014. "Innovation, Entrepreneurship, and the Economy in the US, China, and India," Elsevier Monographs, Elsevier, edition 1, number 9780128018903.
    • Handle: RePEc:eee:monogr:9780128018903
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    Citations

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    Cited by:

    1. Muhammad Zubair Alam & Nadia Nasir & Ch. Abdul Rehman, 2020. "Intrapreneurship concepts for engineers: a systematic review of the literature on its theoretical foundations and agenda for future research," Journal of Innovation and Entrepreneurship, Springer, vol. 9(1), pages 1-21, December.
    2. João Leitão & João Capucho, 2021. "Institutional, Economic, and Socio-Economic Determinants of the Entrepreneurial Activity of Nations," Administrative Sciences, MDPI, vol. 11(1), pages 1-32, March.
    3. Sohyla Reshadat & Alireza Zangeneh & Shahram Saeidi & Neda Izadi & S. Ramin Ghasemi & Nader Rajabi-Gilan, 2018. "A Feasibility Study of Implementing the Policies on Increasing Birth Rate with an Emphasis on Socio-economic Status: A Case Study of Kermanshah Metropolis, Western Iran," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(2), pages 619-636, November.
    4. Heinberg, Martin & Ozkaya, H. Erkan & Taube, Markus, 2018. "Do corporate image and reputation drive brand equity in India and China? - Similarities and differences," Journal of Business Research, Elsevier, vol. 86(C), pages 259-268.

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