A growing body of evidence has documented the critical role that entrepreneurs play in fostering economic growth. But entrepreneurs can only be expected to take risks in ‘open settings’, where individuals and firms are free to contract with one another. In this important book, leading economists explain and document the role of open markets, within and across national boundaries, in facilitating entrepreneurship, innovation and economic growth. The main message of this book is especially timely given growing concerns in developed countries in particular about off-shoring and openness to trade.
Theory and Evidence
Edited by David B. Audretsch, Robert E. Litan and Robert Strom
Theory, Methodology and Applications
Innovation and Health investigates both the origin and the diffusion of novelty in the field of health. It also provides a critical discussion of the methodology and theory of health economics. Neoclassical and evolutionary elements are combined to produce a comprehensive view of the commodity of ‘health’ beyond a pure ‘market’ perspective. Thus, the intangible dimension of health is taken into account. The methodological framework developed serves as a basis for several theoretical and empirical applications such as the creation of medical knowledge, the evolution of networks and the process of invention, innovation and diffusion in the health care sector.
Edited by Hartmut Hirsch-Kreinsen and David Jacobson
It is a general understanding that the advanced economies are currently undergoing a fundamental transformation into knowledge-based societies. There is a firm belief that this is based on the development of high-tech industries. Correspondingly, in this scenario low-tech sectors appear to be less important. A critique of this widely held belief is the starting point of this book. It is often overlooked that many of the current innovation activities are linked to developments inside the realm of low-tech. Thus the general objective of the book is to contribute to a discussion concerning the relevance of low-tech industries for industrial innovativeness in the emerging knowledge economy.
Theoretical, Empirical and Political Perspectives on the Initial Stage of Cluster Evolution
Edited by Dirk Fornahl, Sebastian Henn and Max-Peter Menzel
This book rigorously explores the critical, initial stage of cluster emergence in which the seeds for further growth are sown. Whether economic growth actually occurs, however, ultimately depends on various regional conditions and the processes in place.