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The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth

Author

Listed:
  • Rajshree Agarwal

    (University of Illinois at Urbana Champaign)

  • David Audretsch

    (Max Planck Institute of Economics)

  • MB Sarkar

    (University of Central Florida)

Abstract

Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action by individuals embedded in their context, results in new venture creation, heterogeneity in performance and subsequent growth in industries, regions and economies. The framework has implications for future research in entrepreneurship, strategy and economic growth.

Suggested Citation

  • Rajshree Agarwal & David Audretsch & MB Sarkar, 2008. "The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth," Jena Economics Research Papers 2008-008, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2008-008
    as

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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2008/wp_2008_008.pdf
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    Citations

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    Cited by:

    1. Andrea Bonaccorsi & Massimo G. Colombo & Massimiliano Guerini & Cristina Rossi Lamastra, 2014. "How universities contribute to the creation of knowledge-intensive firms: detailed evidence on the Italian case," Chapters, in: Andrea Bonaccorsi (ed.), Knowledge, Diversity and Performance in European Higher Education, chapter 7, pages iii-iii, Edward Elgar Publishing.
    2. Babelytė-Labanauskė Kristina, 2022. "Re-exploring Seminal Works on Resource-Based View and Resource Dependence Theory: The Case of Entrepreneurial Research Organization," Management of Organizations: Systematic Research, Sciendo, vol. 87(1), pages 21-42, June.

    More about this item

    Keywords

    growth; spillovers; creative destruction; entrepreneurship;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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