ENTREPRENEURSHIP, INDUSTRY EVOLUTION AND ECONOMIC GROWTH

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.

Citation

Audretsch, D.B. and Thurik, A.R. (2003), "ENTREPRENEURSHIP, INDUSTRY EVOLUTION AND ECONOMIC GROWTH", Koppl, R., Birner, J. and Kurrild-Klitgaard, P. (Ed.) Austrian Economics and Entrepreneurial Studies (Advances in Austrian Economics, Vol. 6), Emerald Group Publishing Limited, Leeds, pp. 39-56. https://doi.org/10.1016/S1529-2134(03)06003-4