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The Role of Innovation and Entrepreneurship in Economic Growth
By: Aaron Chatterji (Editor), Josh Lerner (Editor), Scott Stern (Editor), Michael J. Andrews (Editor)
Hardcover | 17 March 2022 | Edition Number 1
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We live in an era in which innovation and entrepreneurship seem ubiquitous, particularly in regions like Silicon Valley, Boston, and the Research Triangle Park. But many metrics of economic growth, such as productivity growth and business dynamism, have been at best modest in recent years. The resolution of this apparent paradox is dramatic heterogeneity across sectors, with some industries seeing robust innovation and entrepreneurship and others seeing stagnation. By construction, the impact of innovation and entrepreneurship on overall economic performance is the cumulative impact of their effects on individual sectors. Understanding the potential for growth in the aggregate economy depends, therefore, on understanding the sector-by-sector potential for growth.
This insight motivates the twelve studies of different sectors that are presented in this volume. Each study identifies specific productivity improvements enabled by innovation and entrepreneurship, for example as a result of new production technologies, increased competition, or new organizational forms. These twelve studies, along with three synthetic chapters, provide new insights on the sectoral patterns and concentration of the contributions of innovation and entrepreneurship to economic growth.
About the Editors
Michael J. Andrews is assistant professor of economics at the University of Maryland, Baltimore County. Aaron K. Chatterji is the Mark Burgess and Lisa Benson-Burgess Distinguished Professor at Duke University's Fuqua School of Business, professor at the Sanford School of Public Policy, and a research associate of the National Bureau of Economic Research.
Josh Lerner is chair of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. He is a research associate and codirector of the Productivity, Innovation, and Entrepreneurship Program at the National Bureau of Economic Research.
Scott Stern is the David Sarnoff Professor of Management and chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at MIT Sloan School of Management. He is a research associate and director of the Innovation Policy Working Group at the National Bureau of Economic Research.
Industry Reviews
in-depth, accessible and policy-relevant lessons to a wide audience. Whether you are interested in policy, innovation and growth research, are a business trying to understand the trends in your market, or just someone starting to think about
the above-mentioned topics, then this book will offer an intriguing read." * National Bureau of Economic Research Review *
ISBN: 9780226810782
ISBN-10: 022681078X
Series: National Bureau of Economic Research Conference Report
Published: 17th March 2022
Format: Hardcover
Language: English
Number of Pages: 648
Audience: General Adult
Publisher: The University of Chicago Press
Country of Publication: GB
Edition Number: 1
Dimensions (cm): 23.5 x 16.0 x 3.7
Weight (kg): 1.0
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You Can Find This Book In
This product is categorised by
- Non-FictionEconomicsDevelopment Economics & Emerging Economies
- Non-FictionEconomicsEconomic Growth
- Non-FictionBusiness & ManagementEntrepreneurship / Start-ups
- Non-FictionBusiness & ManagementBusiness Innovation
- Non-FictionBusiness & ManagementManagement & Management TechniquesManagement of Specific AreasResearch & Development Management
- Non-FictionEconomics