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Entrepreneurship, Industry Evolution And Economic Growth

In: Austrian Economics and Entrepreneurial Studies

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  • David B. Audretsch
  • A.Roy Thurik

Abstract

The purpose of this paper is to provide a link between entrepreneurial activity on the one hand, and industry evolution and economic growth on the other. The role that entrepreneurship plays in innovative activity is explained. The link between entrepreneurship and industry evolution through the spillover of knowledge in generating entrepreneurial activity is analyzed. This implies that the relationship between entrepreneurship and growth is identified. In particular, this paper finds that entrepreneurship generates a positive pulse in the evolution of industries in such a way that fosters economic growth.

Suggested Citation

  • David B. Audretsch & A.Roy Thurik, 2003. "Entrepreneurship, Industry Evolution And Economic Growth," Advances in Austrian Economics, in: Austrian Economics and Entrepreneurial Studies, pages 39-56, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-2134(03)06003-4
    DOI: 10.1016/S1529-2134(03)06003-4
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    Cited by:

    1. Mikhail Martynovich, 2017. "The role of local embeddedness and non-local knowledge in entrepreneurial activity," Small Business Economics, Springer, vol. 49(4), pages 741-762, December.
    2. M.A. Carree & A.R. Thurik, 2008. "The Lag Structure of the Impact of Business Ownership on Economic Performance in OECD Countries," Small Business Economics, Springer, vol. 30(1), pages 101-110, January.

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