Entrepreneurship, Growth, and Innovation

The Dynamics of Firms and Industries

herausgegeben von: Enrico Santarelli

Verlag: Springer US

Buchreihe : International Studies in Entrepreneurship

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

Entrepreneurship, Growth and Innovation provides comprehensive insight into the economics of entrepreneurship, claiming that this recently established discipline should establish a framework of analysis that integrates the understanding of the determinants and the effects of both entrepreneurship and innovation without neglecting the functioning of the inducement mechanisms. For this purpose, the book combines theoretical prescriptions and international empirical evidence. Contributions by some of the best known scholars in the field of the economics of entrepreneurship and innovation investigate whether the interrelationships between the forces that affect firm and industry dynamics and ultimately determine economic growth are subject to change across countries and over time. The analysis of different national cases 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.

Inhaltsverzeichnis

Frontmatter

Chapter 1. A Market Model of Perfect Competition Under Uncertainty: Heterogeneous Firms and Technologies

Yuri M. Kaniovski

Chapter 2. Industry Dynamics á La Stackelberg with Stochastic Capital Accumulation

5. Conclusions

I have described a stochastic differential game in which firms invest to increase productive capacity, following time-consistent open-loop Stackelberg strategies. The equilibrium of the model highlights different growth rates along the saddle path. Accordingly, the analysis carried out in this paper is clearly in contrast with Gibrat’s Law. Moreover, it appears that there are admissible cases where the followers’s growth rates are larger than the leaders’, e.g. when the representative leader is indeed bigger than the representative follower in terms of installed capacity. This may ultimately lead to situations where equilibrium profits are larger for followers than for leaders.

Luca Lambertini

Chapter 3. Gibrat’s Law: An Overview of the Empirical Literature

Enrico Santarelli, Luuk Klomp, A. Roy Thurik

Chapter 4. Entrepreneurship in the Old and New Europe

Isabel Grilo, A. Roy Thurik

Chapter 5. New Firm Formation and the Region: Empirical Results from the United States

7. Conclusions

The BITS database constructed for the Office of Advocacy of the U.S. Small Business Administration is uniquely suitable for testing new approaches to explaining regional differences in economic growth rates. Recent theories of economic growth view local externalities, as opposed to scale economies, as the primary engine in generating growth in cities with their closely integrated surrounding counties (Labor Market Areas). While scale economies operate at the plant level, externalities operate at the level of the firm, primarily through entrepreneurial activity.

Using the BITS data we examined the impact of these externalities on regional employment growth from an entrepreneurial perspective by examining the relationship of local economic growth to local entrepreneurial activity. Since higher rates of entrepreneurial activity in an industry sector and region imply lower barriers to birth and greater local competition, this analysis can also be interpreted as an investigation of the impact of local competition on local economic growth. We found that higher rates of entrepreneurial activity were strongly associated with faster growth of local economies.

Zoltan J. Acs

Chapter 10. Foreign Presence, Technical Efficiency and Firm Survival in Greece: A Simultaneous Equation Model with Latent Variables Approach

Helen Louri, Costas Peppas, Efthymios Tsionas

Backmatter

Titel: Entrepreneurship, Growth, and Innovation
herausgegeben von: Enrico Santarelli
Verlag: Springer US
Electronic ISBN: 978-0-387-32314-5
Print ISBN: 978-0-387-28868-0
DOI: https://doi.org/10.1007/0-387-32314-7

Springer Professional

Entrepreneurship, Growth, and Innovation

The Dynamics of Firms and Industries

Über dieses Buch

Inhaltsverzeichnis

Frontmatter

Chapter 1. A Market Model of Perfect Competition Under Uncertainty: Heterogeneous Firms and Technologies

Chapter 2. Industry Dynamics á La Stackelberg with Stochastic Capital Accumulation

Chapter 3. Gibrat’s Law: An Overview of the Empirical Literature

Chapter 4. Entrepreneurship in the Old and New Europe

Chapter 5. New Firm Formation and the Region: Empirical Results from the United States

Chapter 6. R&D Intensity and the Relationship between Firm Size and Growth in Germany

Chapter 7. Gibrat’s Law in a Medium-Technology Industry: Empirical Evidence for Italy

Chapter 8. Entrepreneurship, Innovation, and the Evolution of Industrial Districts

Chapter 9. Innovation Premium and the Survival of Entrepreneurial Firms in the Netherlands

Chapter 10. Foreign Presence, Technical Efficiency and Firm Survival in Greece: A Simultaneous Equation Model with Latent Variables Approach

Chapter 11. Entrepreneurship, Industrial Restructuring and Unemployment in Portugal

Chapter 12. Transferring the Risk of Failure. Entrepreneurship and Firm Dynamics in Turkish Manufacturing

Chapter 13. What is the Best Policy for Innovative Entrepreneurship?

Backmatter

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