Entrepreneurial Skills, Technological Progress, and Firm Growth*

Lack of Entrepreneurial Skills and the Complexity of Technological Progress

In standard endogenous growth models, the higher the research e¤ort the higher is the innovation rate of the economy. Innovating, however, is a complex process that requires an entrepreneur to implement a valuable invention. Hence when research and entrepreneurial skills compete in the allocation of aggregate resources, the relation between growth and R&D is hump-shaped. This paper proposes a m...

Chapter 4 Technological Progress and Economic Growth

Entrepreneurial Spawning and Firm Characteristics

We analyze the implications of entrepreneurial spawning for a variety of firm characteristics such as size, focus, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical evidence relating to the relation between spawning and firm characteristics. Firms that have higher patent quality spawn more, as do firms that have higher...

Analyzing Internationalization, Technological Development and Sustainable Firm Growth

Firms use internationalization to access external resources to exploit technological knowledge or explore new market. However they face the paradox whether to build strong resources commitment to new foreign markets or continue resources allocations in other domains in existing markets. In this paper, we examine how newly listed firms overcome the paradox and initiate international activities a...

Technological Determinism and the Firm

Business history and the history of technology, although devoted to the study of closely-related phenomena, have diverged in recent years. Differences in the methodologies and received wisdom of the two fields can be seen clearly in how leading theorists have approached the question of technological determinism. After reviewing divergent rends in the analysis of this question, I shall discuss r...