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Entrepreneurship, Growth and Public Policy

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Entrepreneurship, Growth and Public Policy

Prelude to a Knowledge Spillover Theory of Entrepreneurship

9781847201164 Edward Elgar Publishing
Zoltán J. Ács, Professor, London School of Economics and Political Science and University Professor, School of Policy, Government and International Affairs, George Mason University, US
Publication Date: 2008 ISBN: 978 1 84720 116 4 Extent: 608 pp
This book synthesizes Zoltan Acs’ key contributions to the field of entrepreneurship. This invaluable selection of papers represents three decades of research that has resulted in an integrated and important contribution to understanding the evolution from managerial capitalism to an entrepreneurial society.

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Contents
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This book synthesizes Zoltan Acs’ key contributions to the field of entrepreneurship. This invaluable selection of papers represents three decades of research that has resulted in an integrated and important contribution to understanding the evolution from managerial capitalism to an entrepreneurial society.

The author explores how socio-economic transformation is placed within a larger context spanning two centuries of economic growth and development in a capitalist society. Zoltan Acs has introduced a radically different view of small firms and argues that entrepreneurs start new companies to deviate innovatively as agents of change creating entrepreneurial rents. Working at the intersection of geography, innovation and growth, these papers pave the way for the remodelling of economic society in the 21st century. One of the unique outcomes of this reconstruction of economic society is the need to focus attention on the links between entrepreneurship and philanthropy as the foundation of opportunity.

This book spans close to 25 years of research, presenting collaborations with over a dozen leading international scholars across four disciplines. It represents a major contribution to the literature and to our understanding of the global economy and will be invaluable to those interested in entrepreneurship, political science and regional science and as well academics, graduate students and economists.
Critical Acclaim
‘Entrepreneurship, Growth and Public Policy is a significant contribution to this emerging field of study, and will be a valuable resource for graduate students and academic researchers with an interest in its core themes.’
– Richard Blundel, International Journal of Entrepreneurial Behaviour and Research

‘From virtual disappearance in the literature, empirical research on the role and activities of the entrepreneur has recently exploded. Professor Acs is one of the leaders in this study so important for prosperity and growth. This collection of valuable essays would be difficult to surpass as a sampling of the field and provides indispensable reading for anyone concerned with the arena.’
– William J. Baumol, New York University, US

‘This book confirms Zoltan Acs’s status as a thought leader in the area of innovation, entrepreneurship and public policy. By having his work in a single volume the reader is able to see both the analytical quality and rigour that Acs has brought to this important area over more than twenty years.’
– David J. Storey, Warwick Business School, UK
Contents
Contents:

Introduction

PART I: INNOVATION AND FIRM SIZE
1. Innovation in Large and Small Firms: An Empirical Analysis
2. Innovation, Market Structure, and Firm Size
3. Innovation and Size at the Firm Level
4. R&D, Firm Size and Innovative Activity
5. Innovation of Entrepreneurial Firms
6. Innovation and Technical Change in the US Steel Industry

PART II: GEOGRAPHICALLY CONSTRAINED KNOWLEDGE SPILLOVERS
7. Real Effects of Academic Research: Comment
8. R&D Spillovers and Recipient Firm Size
9. Local Geographical Spillovers Between University Research and High Technology Innovations
10. Geographical Spillovers and University Research: A Spatial Econometric Perspective
11. Patents and Innovation Counts as Measures of Regional Production of New Knowledge
12. Geography, Endogenous Growth, and Innovation

PART III: ENTREPRENEURSHIP AND NEW FIRM FORMULATION
13. Creativity and Entrepreneurship: A Regional Analysis of New Firm Formation
14. The Entrepreneurial Regime, Learning, and Industry Turbulence
15. Small-Firm Entry in US Manufacturing
16. New-Firm Startups, Technology, and Macroeconomic Fluctuations
17. Births and Firm Size
18. The Determinants of Regional Variation in New Firm Formation
19. The Impact of Geographic Differences in Human Capital on Service Firm Formation Rates
20. Entrepreneurship in Rural America: The Big Picture

PART IV: INNOVATION AND ECONOMIC GROWTH
21. How is Entrepreneurship Good for Economic Growth?
22. High Technology Employment, Wages and University R&D Spillovers: Evidence from US Cities
23. Job Creation and Persistence in Services and Manufacturing
24. Entrepreneurship, Agglomeration and Technological Change
25. Employment Growth and Entrepreneurial Activity in Cities
26. Penetrating the “Knowledge Filter” in Regional Economies

PART V: ENTREPRENEURSHIP AND PUBLIC POLICY
27. The Growth of Small Business: An American Perspective
28. The Internationalization of Small and Medium-Sized Enterprises: A Policy Perspective
29. Public Policies to Support New Technology-Based Firms (NTBFs)
30. Entrepreneurship, Globalization and Public Policy
31. What is the Value of Entrepreneurial Start-ups to an Economy?
32. State of Literature on Small to Medium-Size Enterprises and Entrepreneurship in Low-Income Communities

PART VI: ENTREPRENEURSHIP AND SOCIETY
33. Contrasting Two Models of Wealth Redistribution
34. Entrepreneurship and Philanthropy in American Capitalism
35. The Entrepreneurship-Philanthropy Nexus: Implication for Internationalization

Epilogue

Index
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