期刊名称：Freiberger Arbeitspapiere / Technische Universität Bergakademie Freiberg
出版年度：2005
卷号：2005
出版社：Technische Universität Bergakademie Freiberg, Fakultät für Wirtschaftswissenschaften
摘要：Knowledge is recognized as an important ingredient for economic growth in addition to
physical capital and labor. While transforming knowledge into products and processes it is
exploited commercially. Nevertheless, the existing knowledge stock and the absorptive
capacity of actors like employees at firms and researchers at universities and research
institutions are conditional for the ability to produce, identify, and exploit knowledge. Since
incumbent firms do not exploit new knowledge to the full extent, realized entrepreneurial
opportunities may arise. This paper tests the hypothesis whether or not entrepreneurship is an
important vehicle for knowledge flows and economic growth. The empirical results indicate
that an increase in innovative start-up activity is more effective than an increase in general
entrepreneurship for economic growth.
