Browsing by Subject "economic growth"
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Item Are Business Incubators Helping? The Role of BIs in Facilitating Tenants’ Development(2010) Ratinho, Tiago; Harms, Rainer; Groen, Aard J.Business incubators (BI) are among a variety of initiatives to stimulate economic growth by promoting the creation and development of new companies. The rapid growth of BIs in recent years confirms their importance in the economic fabric. In this study, we conceptualize BIs using insights from knowledge based theory of the firm, resource-based view thinking and capabilities literature. BIs will be seen as service providers geared towards helping their tenants in solving developmental problems. The more problems the BI helps to solve the bigger the incubation value for tenants; further, as tenant firms solve problems they develop important capabilities which will yield increase their chances of survival once they graduate. Results show that tenants unequivocally seek support after experiencing problems. Solving those problems is a function of BI support and other external sources part of each tenant firm’s network of contacts. Age and human capital of tenant firms have a negative impact in the total number of the problems solved, suggesting BIs’ deficiencies in helping more experienced and older tenants. Our main contribution is to shed light on the processes of delivering support to young firms within BIs. Importantly, we assess the value of the BIs’ intervention by measuring the amount of developmental problems they help tenants to overcome. Finally, we discuss the implication of our finding to BI managers, prospective tenants and policy makers.Item Beyond 140 Characters: Introduction to The Role of Innovation and Entrepreneurship in Economic Growth(National Bureau of Economic Research, 2020-11) Andrews, Michael J.; Chatterji, Aaron; Stern, ScottThis 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.Item The Contributions of Robert Fogel to Cliometrics(Springer-Verlag GmbH Germany, 2018-10-27) Mitch, DavidRobert Fogel was one of the earliest and most forceful advocates for the use of quantitative methods and economic theory in the study of economic history and long-term economic change. He demonstrated through his work on the economic impact of the railroads and the economic history of US slavery that the cliometric approach had the potential to challenge and overturn long-standing views based on narrative approaches to economic history. The volume he edited with Stanley Engerman, The Reinterpretation of American Economic History, published in 1971 provided an early manifestation to economists and historians alike of the wide range of applications the cliometric approach could offer to various fields of economic history. Throughout his career, Fogel advocated for the cliometric approach to history more generally, not just to economic history. His contributions were recognized when he was jointly awarded the Nobel Prize in Economics with Douglass North in 1993. In the subsequent 20 years until his death in 2013, Fogel pursued an interdisciplinary research project focused on long-run changes in the interaction between technological advance, nutrition, human health, and mortality culminating in The Changing Body (co-authored with Roderick Floud, Bernard Harris, and Sok Chul Hong).Item The Economics of Immigration w/ Dr. Giovanni Peri(UMBC Center for Social Science Research, 2022-05-30) Anson, Ian; Peri, Giovanni; Filomeno, Felipe; Brown, ChristopherItem Technology Business Incubators as Engines of Growth: Towards a Distinction Between Technology Incubators and Non-Technology Incubators(Swinburne University of Technology, 2009) Ratinho, Tiago; Harms, Rainer; Groen, Aard J.Business incubators are an increasingly popular tool for promoting job and wealth creation. Yet given the heterogeneity of incubation models, it is not always clear how incubators operate, what their main characteristics are and how can they best contribute to job and wealth creation. If technology is central in promoting economic growth and new firm creation the crucial mechanism in transferring new knowledge to markets, then technology incubators have the biggest potential to contribute to economic growth. We define technology incubators by their strategic choices in terms of mission, linkages to universities and geographical location. We investigate their nature by comparing the levels of business services provision, selection criteria, exit policy and tenants’ characteristics. Our sample includes 12 incubators located in six Northwestern European countries and a total of 101 incubated companies. Data were collected in both incubators and among their tenants. Results show that technology incubators provide more tenants with their services, select younger companies and practice stricter exit policies. Additionally, they tend to attract more experienced teams of entrepreneurs. Our main contribution is a better understanding of the technology incubators impact against the remainder population of business incubators. We speculate that incubators not focussed in incubating technology might not be contributing to company creation at all. Further, the low levels of service provision are both a product and a consequence of slack selection criteria and weak exit policies. Finally, we discuss the implications of our findings to business incubator managers, policy makers and prospective tenants.Item Towards a Distinction Between Technology Incubators and Non-Technology Incubators: Can They Contribute to Economic Growth?(European Council of Small Business and Entrepreneurship, 2010-01) Ratinho, Tiago; Harms, Rainer; Groen, Aard J.; Fink, Matthias; Hatak, IsabellaBusiness incubators are an increasingly popular tool for promoting job and wealth creation. Yet given the heterogeneity of incubation models, it is not always clear how incubators operate, what their main characteristics are and how can they best contribute to job and wealth creation. If technology is central in promoting economic growth and new firm creation the crucial mechanism in transferring new knowledge to markets, then technology incubators have the biggest potential to contribute to economic growth. We define technology incubators by their strategic choices in terms 1/26 of mission, linkages to universities and geographical location. We investigate their nature by comparing the levels of business services provision, selection criteria, exit policy and tenants’ characteristics. Our sample includes 12 incubators located in six Northwestern European countries and a total of 101 incubated companies. Data were collected in both incubators and among their tenants. Results show that technology incubators provide more tenants with their services, select younger companies and practice stricter exit policies. Additionally, they tend to attract more experienced teams of entrepreneurs. Our main contribution is a better understanding of the technology incubators impact against the remainder population of business incubators. We speculate that incubators not focused in incubating technology might not be fostering company creation and therefore not actively contributing to growth. Further, the low levels of service provision are both a product and a consequence of slack selection criteria and weak exit policies. Finally, we discuss the implications of our findings to business incubator managers, policy makers and prospective tenants.Item Want the Economy to Grow? Look at Cities and Efficiency(U.S. News & World Report, 2016-02-26) Short, John RennieThe economy is a hot topic in the presidential debates and is among the top public concerns. But the "economy" is a loose and hazy notion and, for politicians, a convenient place to make promises.