Entrepreneurship & Economic Growth

'Why do economies grow? For centuries this has been one of the most important questions in economics. The importance of this question is found in the simple fact that the purchasing power of the average individual has increased ten fold in just one hundred years. How do we explain this? Over the past decade there has been a revival of interest in this question after a period of inactivity. In particular, what has been of interest is what role individual entrepreneurs play in innovation, the key to economic growth. Written by leading scholars, mostly during the technological revolution of the 1990s, this volume provides a valuable collection of readings that explore the role of the entrepreneurship in economic growth. The articles are carefully chosen in five areas that advance our understanding of entrepreneurship, innovation and economic growth.'- Zoltan J. Acs, George Mason University, USThis authoritative volume presents a collection of the most influential and important articles dealing with the relationship between entrepreneurship and economic growth and development. The collection covers a range of key issues through which entrepreneurial activity may influence economic progress. The six broad themes in the book provide a general overview along with historical and country-specific studies, articles on entrepreneurship and innovation, details of endogenous growth models in which entrepreneurship plays a vital role, contributions on competition and productivity, and empirical evidence. This comprehensive volume will, without doubt, be of interest to researchers in the fields of economics, growth models, industrial organisation and entrepreneurship, and to policymakers.