Entrepreneurship Growth UB创业amp成长UB.pptVIP

Entreprneurship and Globalization David Audretsch The Policy Mandate for Entrepreneurship to Promote Economic Growth The EU -- Lisbon Mandate of 2000 ?Our lacunae in the field of entrepreneurship needs to be taken seriously because there is mounting evidence that the key to economic growth and productivity improvements lies in the entrepreneurial capacity of an economy” (Romano Prodi, 2002) What Determines Growth?The Solow Model Purpose of Research Link Entrepreneurship to Economic Growth Knowledge Spillover Theory of Entrepreneurship Public Policy – Interpret emergence of entrepreneurship policy as a bona fide economic growth policy German Industries Stuttgart Region German Manufacturing Employment(Millionen) The Romer Model The European Paradox Why have European countries rich in knowledge exhibited such low growth rates? Romano Prodi, European Union The Knowledge Filter “A wealth of scientific talent at American colleges and universities – talent responsible for the development of numerous innovative scientific breakthroughs each year – is going to waste as a result of bureaucratic red tape and illogical government regulations…What sense does it make to spend billions of dollars each year on government-supported research and then prevent new developments from benefiting the American people because of dumb bureaucratic red tape?” U.S. Senator Birch Bayh, 1980 Limitations of Romer Model Empirical Paradox – Why have countries rich in knowledge (high RD Patents) yielded such low growth rates? Theoretical – Assumes knowledge automatically spills over for commercialization How is Knowledge Different? Non-excludable non-exhaustive(Arrow, 1962) High uncertainty, asymmetries transactions cost (Arrow, 1962) The Knowledge Filter impedes investments in knowledge from spilling over and being commercialized Endogenous Entrepreneurship Appropriation Problem – Firm vs. Knowledge Agent New firms are endogenous response to knowledge not completely e