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The Role of Innovation and Entrepreneurship in Economic Growth (Hardcover)
Loot Price: R3,180
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The Role of Innovation and Entrepreneurship in Economic Growth (Hardcover)
Series: National Bureau of Economic Research Conference Report
Expected to ship within 9 - 15 working days
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This volume presents studies from experts in twelve industries,
providing insights into the future role of innovation and
entrepreneurship in driving economic growth across sectors. We live
in an era in which innovation and entrepreneurship seem ubiquitous,
particularly in regions like Silicon Valley, Boston, and the
Research Triangle Park. But many metrics of economic growth, such
as productivity growth and business dynamism, have been at best
modest in recent years. The resolution of this apparent paradox is
dramatic heterogeneity across sectors, with some industries seeing
robust innovation and entrepreneurship and others seeing
stagnation. By construction, the impact of innovation and
entrepreneurship on overall economic performance is the cumulative
impact of their effects on individual sectors. Understanding the
potential for growth in the aggregate economy depends, therefore,
on understanding the sector-by-sector potential for growth. This
insight motivates the twelve studies of different sectors that are
presented in this volume. Each study identifies specific
productivity improvements enabled by innovation and
entrepreneurship, for example as a result of new production
technologies, increased competition, or new organizational forms.
These twelve studies, along with three synthetic chapters, provide
new insights on the sectoral patterns and concentration of the
contributions of innovation and entrepreneurship to economic
growth.
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