Working Paper: NBER ID: w28105
Authors: Michael J. Andrews; Aaron Chatterji; Scott Stern
Abstract: This is an introduction to the forthcoming volume "The Role of Innovation and Entrepreneurship in Economic Growth." The chapters collected in this volume seek to answer the following questions: What is the relationship between innovation/entrepreneurship and economic growth in specific industrial sectors? How has the relationship between innovation /entrepreneurship and economic growth changed over time? How much do policies, programs, and specialized institutions meant to encourage innovation or entrepreneurship ultimately spur economic growth? Does innovation or entrepreneurship affect economic performance and social progress other than through measured productivity and economic growth, and if so, how can these effects be measured? We synthesize the chapters in this volume and present broad conclusions.
Keywords: Innovation; Entrepreneurship; Economic Growth
JEL Codes: O3; O4
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| technological innovations (O33) | economic growth (O49) |
| new business starts (M13) | economic growth (O49) |
| innovation (O35) | productivity growth (O49) |
| innovation (O35) | social progress (O35) |
| cumulative impact of innovation (O36) | economic growth (O49) |
| innovation's impact varies by sector (O35) | economic growth (O49) |