Diffusion of innovation through individual and collective entrepreneurship

Critical Concepts Innovation and Collective Entrepreneurship

Innovation became important years ago when people became interested in the dynamic underlying economic development and growth. And innovation has been intimately intertwined with entrepreneurship. Joseph Schumpeter, writing in the early 20 C, argued that innovation is central to economic development; he regarded entrepreneurs as innovators engaged in a process of creative destruction, destroyin...

Collective Entrepreneurship

Entrepreneurship and Innovation

Entrepreneurship , innovation , and corruption ☆

Available online xxxx Efforts to control corruption increase levels of trust in the ability of the state and market institutions to reliably and impartially enforce law and the rules of trade. Such trust facilitates the development of arms-length trade and the coordination of complex economic activities. We posit that better control of corruption will also be associated with rising levels of in...

Clusters of Entrepreneurship and Innovation

This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss rationales for the agglomeration of these activities and the economic consequences of clusters. We identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation. While arguments exist for and again...