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The missing link: the knowledge filter and entrepreneurship in endogenous growth

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dc.creator Ács, Zoltán J.
dc.creator Audretsch, David B.
dc.creator Braunerhjelm, Pontus
dc.creator Carlsson, Bo
dc.date 2005
dc.date.accessioned 2013-10-16T07:07:58Z
dc.date.available 2013-10-16T07:07:58Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19999
dc.identifier ppn:494673389
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19999
dc.description The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant knowledge. This Paper develops a model that introduces a filter between knowledge and economic knowledge and identifies entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981-2001 provides empirical support for the model. We conclude that public policies facilitating knowledge spillovers through entrepreneurship may be an important new approach to promoting economic growth.
dc.language eng
dc.relation Papers on entrepreneurship, growth and public policy 0805
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L10
dc.subject O10
dc.subject ddc:330
dc.subject Endogenous growth
dc.subject knowledge
dc.subject innovation and entrepreneurship
dc.subject Neue Wachstumstheorie
dc.subject Bildungsinvestition
dc.subject Spillover-Effekt
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Wirtschaftswachstum
dc.subject Schätzung
dc.subject OECD-Staaten
dc.title The missing link: the knowledge filter and entrepreneurship in endogenous growth
dc.type doc-type:workingPaper
dc.coverage 1981-2000


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