Low Returns in R&D Due to the Lack of Entrepreneurial Skills

By Claudio Michelacci. 2003

237 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1ee546149e77124235d96d63a5215aca61a713bd

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In Economics and Econometrics

Citations in the corpus

Is Neoclassical Economics Still Entrepreneurless (2005, unknown): “…view”, where development requires both research effort to produce innovations and entrepreneurial/managerial skills to implement them, both the independent entrepreneurial innovations and routine R&D processes in large firms (Scherer 1980; Baumol 2002; Michelacci 2003; Acs et al. 2004).”
Venture Capital as a Catalyst to Commercialization (2010, background): “Michelacci (2003) builds an analytical model on this intuition and demonstrates that, under these conditions, regions with an inadequate supply of entrepreneurial talent experience lower returns to investments in research and development.”
Total factor productivity and the role of entrepreneurship (2016, background): “An important link between R&D and innovation is thought to be organization, and entrepreneurship in particular (Audretsch et al. 2002; Audretsch and Keilbach 2004a, b; Audretsch 2009; Michelacci 2003).”
Intellectual Property Protection and the Formation of Entrepreneurial Growth Aspirations (2010, background): “Well-educated individuals who are forced to abandon their venture may find it easier than less educated individuals to use their entrepreneurial experience in an alternative employment (Lazear, 2005; Michelacci, 2003).”
The knowledge spillover theory of entrepreneurship (2005, unknown): “The matching mechanism between inventors and economic agents who commercialize the inventions works best when both parties have access to R&D and entrepreneurial skills (Michelacchi 2003).”
The missing link: knowledge diffusion and entrepreneurship in endogenous growth (2010, background): “5 An interesting approach presented by Michelacci (2003)”
Entrepreneurship, Agglomeration and Technological Change (2005, background): “These results are broadly consistent with Michelacci (2003) ”
Institutions and Venture Capital (2013, background): “That innovation and growth require both researchers, who provide ideas, and entrepreneurs, who commercialize them, is underscored by Michelacci (2003).”
Recent developments in the economics of entrepreneurship (2008, background): “Among studies that consider the role of the entrepreneur, Michelacci (2003) proposes a model of endogenous growth in which technological change requires both researchers, who produce inventions, and an entrepreneur who transforms them into innovation.”
The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship (2017, unknown): “Start-ups are needed to exploit the opportunities arising from knowledge spillovers and serve as a driving force for turning knowledge and R&D into innovation and value creation (Michelacci 2003).”
A theoretical grounding and test of the GEM model (2008, background): “Getting things done requires a special, rather than a specialist, set of skills, one distinguished by its generalist and broad-based nature (Lazear, 2004; Michelacci, 2003).”