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Development Paths in the Knowledge Economy: Innovation and Entrepreneurship in Greece

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  • Panagiotis Liargovas
  • Spyridon Repousis

Abstract

This paper examines the development paths of Greece, as these are reflected in different regions of the country. It adopts the theoretical framework of Business Knowledge Society, which is both an extension and reformulation of both the neoclassical growth function and the endogenous growth function. The validity of the model of Business Knowledge Society in Greece is investigated through the effect of the stock of physical capital and labor, human capital, knowledge capital, and venture capital in the resulting product of each region. The results of this paper show that entrepreneurship capital exerts a strong positive impact on the region’s economic output. It is implied that investments in entrepreneurship capital are more productive compared with investments in knowledge capital. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Panagiotis Liargovas & Spyridon Repousis, 2015. "Development Paths in the Knowledge Economy: Innovation and Entrepreneurship in Greece," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 1063-1077, December.
    • Handle: RePEc:spr:jknowl:v:6:y:2015:i:4:p:1063-1077
    DOI: 10.1007/s13132-013-0176-1
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    2. Shurui Wang & Dongchen Ma & Yan Yang, 2024. "Digital Financial Development, Financial Service Participation and Residents' Entrepreneurship," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(6), pages 1-5.
    3. Ioannis Kostakis & Sarantis Lolos, 2024. "Uncovering the impact of cultural heritage on economic growth: empirical evidence from Greek regions, 2000–2019," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(3), pages 1209-1239, October.
    4. Kostakis, Ioannis & Lolos, Sarantis & Doulgeraki, Charikleia, 2020. "Cultural Heritage led Growth: Regional evidence from Greece (1998-2016)," MPRA Paper 98443, University Library of Munich, Germany.
    5. Nurmalia & Djoni Hartono & Irfani Fithria Ummul Muzayanah, 2020. "The Roles of Entrepreneurship on Regional Economic Growth in Indonesia," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(1), pages 28-41, March.
    6. Shumaila Zeb, 2022. "The role of knowledge economy in Asian business," Future Business Journal, Springer, vol. 8(1), pages 1-13, December.
    7. Xie, Zhimin & Wang, Xia & Xie, Lingmin & Duan, Kaifeng, 2021. "Entrepreneurial ecosystem and the quality and quantity of regional entrepreneurship: A configurational approach," Journal of Business Research, Elsevier, vol. 128(C), pages 499-509.

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    More about this item

    Keywords

    Entrepreneurship; Knowledge; Economic growth; Greece; M13; O32; O47;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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