Entrepreneurship Innovation And The Growth Mechanism Of The Free Enterprise Economies

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Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies

Eytan Sheshinski,Robert J. Strom,William J. Baumol
Entrepreneurship Innovation and the Growth Mechanism of the Free Enterprise Economies Book PDF

Author : Eytan Sheshinski,Robert J. Strom,William J. Baumol
Publisher : Princeton University Press
Page : 400 pages
File Size : 46,8 Mb
Release : 2021-03-09
Category : Business & Economics
ISBN : 9780691227641

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Entrepreneurship, Innovation, and the Growth Mechanism of the Free-Enterprise Economies by Eytan Sheshinski,Robert J. Strom,William J. Baumol Pdf

How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies work--and what policies most encourage their growth. The contributors take as their starting point William J. Baumol's 2002 book The Free-Market Innovation Machine (Princeton), which argued that independent entrepreneurs are far more important to growth than economists have traditionally thought, and that an implicit partnership between such entrepreneurs and large corporations is critical to the success of market economies. The contributors include the editors and Robert M. Solow, Kenneth J. Arrow, Michael M. Weinstein, Douglass C. North, Barry R. Weingast, Ying Lowrey, Nathan Rosenberg, Melissa A. Schilling, Corey Phelps, Sylvia Nasar, Boyan Jovanovic, Peter L. Rousseau, Edward N. Wolff, Deepak Somaya, David J. Teece, Naomi R. Lamoreaux, Kenneth L. Sokoloff, Yochanan Shachmurove, Ralph E. Gomory, Jonathan Eaton, Samuel S. Kortum, Alan S. Blinder, Robert J. Shiller, Burton G. Malkiel, and Edmund S. Phelps.

The Free-Market Innovation Machine

William J. Baumol
The Free Market Innovation Machine Book PDF

Author : William J. Baumol
Publisher : Princeton University Press
Page : 332 pages
File Size : 48,8 Mb
Release : 2004-04-11
Category : Business & Economics
ISBN : 9780691116303

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The Free-Market Innovation Machine by William J. Baumol Pdf

Why has capitalism produced economic growth that so vastly dwarfs the growth record of other economic systems, past and present? Why have living standards in countries from America to Germany to Japan risen exponentially over the past century? William Baumol rejects the conventional view that capitalism benefits society through price competition--that is, products and services become less costly as firms vie for consumers. Where most others have seen this as the driving force behind growth, he sees something different--a compound of systematic innovation activity within the firm, an arms race in which no firm in an innovating industry dares to fall behind the others in new products and processes, and inter-firm collaboration in the creation and use of innovations. While giving price competition due credit, Baumol stresses that large firms use innovation as a prime competitive weapon. However, as he explains it, firms do not wish to risk too much innovation, because it is costly, and can be made obsolete by rival innovation. So firms have split the difference through the sale of technology licenses and participation in technology-sharing compacts that pay huge dividends to the economy as a whole--and thereby made innovation a routine feature of economic life. This process, in Baumol's view, accounts for the unparalleled growth of modern capitalist economies. Drawing on extensive research and years of consulting work for many large global firms, Baumol shows in this original work that the capitalist growth process, at least in societies where the rule of law prevails, comes far closer to the requirements of economic efficiency than is typically understood. Resounding with rare intellectual force, this book marks a milestone in the comprehension of the accomplishments of our free-market economic system--a new understanding that, suggests the author, promises to benefit many countries that lack the advantages of this immense innovation machine.

The Entrepreneur

Sophie Boutillier,Dimitri Uzunidis
The Entrepreneur Book PDF

Author : Sophie Boutillier,Dimitri Uzunidis
Publisher : John Wiley & Sons
Page : 144 pages
File Size : 46,8 Mb
Release : 2016-12-19
Category : Business & Economics
ISBN : 9781786300539

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The Entrepreneur by Sophie Boutillier,Dimitri Uzunidis Pdf

This book presents the economic theories with regards to the entrepreneur of yesterday and those of more recent years, on which issue research has been developing exponentially since the last third of the 20th Century. Much of this book will be devoted to contemporary theories. This presentation of economic theories of the entrepreneur leads us to wonder about the structural development of the free enterprise system in the short and the long term. The proliferation of entrepreneurial initiatives leads in effect to a profound transformation of modes of production and work, for example under the current phenomenon of uberization economy.

Entrepreneurship, Growth, and Innovation

Enrico Santarelli
Entrepreneurship Growth and Innovation Book PDF

Author : Enrico Santarelli
Publisher : Springer Science & Business Media
Page : 318 pages
File Size : 53,5 Mb
Release : 2006-03-29
Category : Business & Economics
ISBN : 0387288686

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Entrepreneurship, Growth, and Innovation by Enrico Santarelli Pdf

The analysis of different national cases (including, Germany, Greece, Italy, Portugal, Turkey, the Netherlands, and the United States) puts forward that the relationship between entrepreneurship and growth (via innovation) is shaped by the context of country-specific institutions and industries, thereby providing hints for industrial and innovation policy.

Entrepreneurship and Economic Growth

David B. Audretsch,Max C. Keilbach,Erik E. Lehmann
Entrepreneurship and Economic Growth Book PDF

Author : David B. Audretsch,Max C. Keilbach,Erik E. Lehmann
Publisher : Oxford University Press
Page : 240 pages
File Size : 50,8 Mb
Release : 2006-04-27
Category : Business & Economics
ISBN : 0198040490

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Entrepreneurship and Economic Growth by David B. Audretsch,Max C. Keilbach,Erik E. Lehmann Pdf

By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth.

Entrepreneurship in the Global Economy

Henry Kressel,Thomas V. Lento
Entrepreneurship in the Global Economy Book PDF

Author : Henry Kressel,Thomas V. Lento
Publisher : Cambridge University Press
Page : 279 pages
File Size : 42,6 Mb
Release : 2012-07-19
Category : Business & Economics
ISBN : 9781107019768

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Entrepreneurship in the Global Economy by Henry Kressel,Thomas V. Lento Pdf

State-controlled economies such as China are building robust industries at stunning speed and siphoning off jobs from the West. This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies.

Entrepreneurship and Economic Development

Wim Naudé
Entrepreneurship and Economic Development Book PDF

Author : Wim Naudé
Publisher : Springer
Page : 384 pages
File Size : 43,9 Mb
Release : 2010-12-08
Category : Business & Economics
ISBN : 9780230295155

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Entrepreneurship and Economic Development by Wim Naudé Pdf

Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.

Innovation Through Cooperation

Georg Weiers
Innovation Through Cooperation Book PDF

Author : Georg Weiers
Publisher : Springer Science & Business Media
Page : 238 pages
File Size : 52,6 Mb
Release : 2013-09-26
Category : Business & Economics
ISBN : 9783319000954

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Innovation Through Cooperation by Georg Weiers Pdf

Many people have great ideas. Without the necessary skills and means most never get to realize them. If they could cooperate with competent firms and entrepreneurs together both could achieve much and this is increasingly happening. Mechanisms are being established making a division of labour between inventors and implementers a reality. This is changing the nature of innovation from an internal R&D, or purely entrepreneurial attempt, to a more cooperative innovation. An Idea Economy emerges, where anyone has the possibility to profit from their ideas, and everyone will benefit from more and better innovation. This book presents us the emergence and structure of the Idea Economy by extending the seminal concepts of Entrepreneurial Society and Open Innovation. Part I describes the big picture on how innovation is evolving, where we are today, and what an Idea Economy will look like. Part II points the way forward, discussing in detail on how cooperation in the innovation process works, and why this is only recently becoming possible. ​

Innovation nation

Great Britain. Department for Innovation, Universities and Skills,Great Britain: Department for Innovation, Universities & Skills,Great BritainH.M. Treasury,Great BritainDepartment for Business, Enterprise and Regulatory Reform
Innovation nation Book PDF

Author : Great Britain. Department for Innovation, Universities and Skills,Great Britain: Department for Innovation, Universities & Skills,Great BritainH.M. Treasury,Great BritainDepartment for Business, Enterprise and Regulatory Reform
Publisher : The Stationery Office
Page : 104 pages
File Size : 53,9 Mb
Release : 2008-03-13
Category : Business & Economics
ISBN : 0101734522

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Innovation nation by Great Britain. Department for Innovation, Universities and Skills,Great Britain: Department for Innovation, Universities & Skills,Great BritainH.M. Treasury,Great BritainDepartment for Business, Enterprise and Regulatory Reform Pdf

This White Paper represents the ambition of Government to promote innovation across society as a tool to develop and generate economic prosperity and improve the quality of life throughout the UK. The policies include proposals about how Government can use procurement and regulation to promote innovation in business and make the public sector and public services more innovative. The White Paper is in 10 chapters: The role of government; demanding innovation; supporting business innovation; the need for a strong and innovative research base; international innovation; innovative people; public sector innovation; innovative places and the innovation nation: next steps. An Annex sets out the development of this White Paper. Published alongside the White Paper is 'Implementing "The Race to the Top": Lord Sainsbury's review of Government's science and innovation' (ISBN 9780108507175). Lord Sainsbury's review published in October 2007 (HM Treasury, ISBN 9781845323561, http://www.hm-treasury.gov.uk/media/5/E/sainsbury_review051007.pdf) and also relevant is the 2008 Enterprise Strategy (http://www.hm-treasury.gov.uk/media/E/3/bud08_enterprise_524.pdf)

Innovation, Globalization and Firm Dynamics

Anna M. Ferragina,Erol Taymaz,Kamil Yilmaz
Innovation Globalization and Firm Dynamics Book PDF

Author : Anna M. Ferragina,Erol Taymaz,Kamil Yilmaz
Publisher : Routledge
Page : 445 pages
File Size : 48,6 Mb
Release : 2014-03-14
Category : Business & Economics
ISBN : 9781317810223

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Innovation, Globalization and Firm Dynamics by Anna M. Ferragina,Erol Taymaz,Kamil Yilmaz Pdf

This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welfare creation. This volume deals with these three issues in three sections titled respectively: entrepreneurship, new firm formation and growth; productivity-innovation-growthnexus; globalization, multinational firms and producers’ dynamics. The book presents new studies written by distinguished researchers in the field, who use state-of-the-art methodologies and extensive sources of firm- and plant-level longitudinal data to analyze and understand these major economic issues facing modern economies. In the first section, the book proposes two comprehensive introductory surveys which explore in detail the underpinnings of entrepreneurship, new firm formation and growth in advanced and developing countries. The second fundamental issue, productivity-innovation and firm dynamics, is approached by examining key drivers of selection mechanisms such as size, scale elasticity, innovative efforts, financial fragility of the firms, barriers to entry and exit, capital and financial market distortions, institutional inefficiencies and other market imperfections which affect the ability of firms to expand or enter. The third section examines differences, linkages and intertwined evolution of foreign and domestic firms in their dynamics of survival and growth in different institutional contexts and periods. Each chapter includes a detailed discussion of the implications of the respective analyses for enterprise policy. In a concluding chapter the overall implications for enterprise policy of the analyses presented in the different chapters are drawn by the Editors. This approach ensures that the book is integrated around a coherent central theme in comprehensive framework. The book responds to a growing concern among scholars, professionals, and policy makers over the recent decades about firm ability to survive and compete in a context of increasing globalization and international competition. The approach adopted is both theoretical and empirical with consideration of paradigmatic case studies in Europe, Africa and Asia, providing new evidence on developed, developing and transition economies in a comparative perspective. The cases selected represent different levels of development, different firms strategies and paths, with distinct outcomes. The book is an essential reading for scholars and students concerned with industry development, public policy and globalization, as well as to all those involved professionally in such issues.

Entrepreneurship, Growth, and Public Policy

Zoltan J. Acs,David B. Audretsch,Robert J. Strom
Entrepreneurship Growth and Public Policy Book PDF

Author : Zoltan J. Acs,David B. Audretsch,Robert J. Strom
Publisher : Cambridge University Press
Page : 353 pages
File Size : 44,6 Mb
Release : 2009-02-02
Category : Business & Economics
ISBN : 9781139477017

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Entrepreneurship, Growth, and Public Policy by Zoltan J. Acs,David B. Audretsch,Robert J. Strom Pdf

While the public policy community has turned to entrepreneurship to maintain, restore, or generate economic prosperity, the economics profession has been remarkably taciturn in providing guidance for public policy for understanding the links between entrepreneurship and economic growth as well as for framing and weighing policy issues and decisions. The purpose of this volume is to provide a lens through which public policy decisions involving entrepreneurship can be guided and analyzed. In particular, this volume provides insights from leading research concerning the links between entrepreneurship, innovation, and economic growth that shed light on implications for public policy. The book makes clear both how and why small firms and entrepreneurship have emerged as crucial to economic growth, employment, and competitiveness as well as the mandate for public policy in the entrepreneurial society.

Entrepreneurship, Innovation, and Economic Development

Adam Szirmai,Wim Naudé,Micheline Goedhuys
Entrepreneurship Innovation and Economic Development Book PDF

Author : Adam Szirmai,Wim Naudé,Micheline Goedhuys
Publisher : Oxford University Press
Page : 128 pages
File Size : 51,5 Mb
Release : 2011-04-28
Category : Business & Economics
ISBN : 9780191618826

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Entrepreneurship, Innovation, and Economic Development by Adam Szirmai,Wim Naudé,Micheline Goedhuys Pdf

Entrepreneurship and innovation are two of the most pervasive concepts of our times, yet there are still gaps in our understanding of the interactions between entrepreneurship and innovation, particularly in developing countries. This book is an attempt to fill this gap. It focuses on the entrepreneurship-innovation-development nexus, drawing heavily on empirical evidence from developing countries. Cross-country and individual country experiences cover nations as diverse as Ethiopia, India, Turkey, Vietnam, and also examine lessons from advanced economies such as Finland. Three sets of questions are addressed. What is the impact of entrepreneurship and innovation on growth and development? What determines the innovative performance of entrepreneurs in developing countries? What role does the institutional environment play in shaping the extent and impact of innovative activities? A key message is that entrepreneurial innovation, whether through small firms, large national firms, or multinational firms, is often vibrant in developing countries, but does not always realise its full potential. This is due to institutional constraints, the absence of the appropriate mix of different types of small and large and domestic and foreign firms, and insufficiently developed firm capabilities. The contributions provide a better understanding of the determinants and impacts of innovation in developing countries and the policies and institutions that support or hinder innovation.

Understanding Long-Run Economic Growth

Dora L. Costa,Naomi R. Lamoreaux
Understanding Long Run Economic Growth Book PDF

Author : Dora L. Costa,Naomi R. Lamoreaux
Publisher : University of Chicago Press
Page : 401 pages
File Size : 45,9 Mb
Release : 2011-08-10
Category : Business & Economics
ISBN : 9780226116426

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Understanding Long-Run Economic Growth by Dora L. Costa,Naomi R. Lamoreaux Pdf

The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.

The Invention of Enterprise

David S. Landes,Joel Mokyr,William J. Baumol
The Invention of Enterprise Book PDF

Author : David S. Landes,Joel Mokyr,William J. Baumol
Publisher : Princeton University Press
Page : 585 pages
File Size : 45,6 Mb
Release : 2012-02-26
Category : Business & Economics
ISBN : 9781400833580

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The Invention of Enterprise by David S. Landes,Joel Mokyr,William J. Baumol Pdf

A sweeping global history of entrepreneurial innovation Whether hailed as heroes or cast as threats to social order, entrepreneurs—and their innovations—have had an enormous influence on the growth and prosperity of nations. The Invention of Enterprise gathers together, for the first time, leading economic historians to explore the entrepreneur's role in society from antiquity to the present. Addressing social and institutional influences from a historical context, each chapter examines entrepreneurship during a particular period and in an important geographic location. The book chronicles the sweeping history of enterprise in Mesopotamia and Neo-Babylon; carries the reader through the Islamic Middle East; offers insights into the entrepreneurial history of China, Japan, and Colonial India; and describes the crucial role of the entrepreneur in innovative activity in Europe and the United States, from the medieval period to today. In considering the critical contributions of entrepreneurship, the authors discuss why entrepreneurial activities are not always productive and may even sabotage prosperity. They examine the institutions and restrictions that have enabled or impeded innovation, and the incentives for the adoption and dissemination of inventions. They also describe the wide variations in global entrepreneurial activity during different historical periods and the similarities in development, as well as entrepreneurship's role in economic growth. The book is filled with past examples and events that provide lessons for promoting and successfully pursuing contemporary entrepreneurship as a means of contributing to the welfare of society. The Invention of Enterprise lays out a definitive picture for all who seek an understanding of innovation's central place in our world.

Nobel Lectures In Economic Sciences (2006-2010)

Bertil Holmlund
Nobel Lectures In Economic Sciences 2006 2010 Book PDF

Author : Bertil Holmlund
Publisher : World Scientific
Page : 368 pages
File Size : 50,9 Mb
Release : 2014-11-28
Category : Business & Economics
ISBN : 9789814635592

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Nobel Lectures In Economic Sciences (2006-2010) by Bertil Holmlund Pdf

In 1968, Sveriges Riksbank (Sweden's central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, according to the same principles as for the Nobel Prizes that have been awarded since 1901. This volume is a collection of the Nobel lectures delivered by the prizewinners, together with their biographies and the presentation speeches, for the period 2006-2010.List of prizewinners and their award citations:(2006) Edmund S Phelps — for his analysis of intertemporal tradeoffs in macroeconomic policy;(2007) Leonid Hurwicz, Eric S Maskin and Roger B Myerson — for having laid the foundations of mechanism design theory;(2008) Paul Krugman — for his analysis of trade patterns and location of economic activity;(2009) Elinor Ostrom — for her analysis of economic governance, especially the commons, and Oliver E Williamson — for his analysis of economic governance, especially the boundaries of the firm;(2010) Peter A Diamond, Dale T Mortensen and Christopher A Pissarides — for their analysis of markets with search frictions.