TY - JOUR
T1 - Development Paths in the Knowledge Economy
T2 - Innovation and Entrepreneurship in Greece
AU - Liargovas, Panagiotis
AU - Repousis, Spyridon
PY - 2015/12/1
Y1 - 2015/12/1
N2 - 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.
AB - 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.
KW - Economic growth
KW - Entrepreneurship
KW - Greece
KW - Knowledge
UR - http://www.scopus.com/inward/record.url?scp=84958739514&partnerID=8YFLogxK
U2 - 10.1007/s13132-013-0176-1
DO - 10.1007/s13132-013-0176-1
M3 - Article
AN - SCOPUS:84958739514
SN - 1868-7873
VL - 6
SP - 1063
EP - 1077
JO - Journal of the Knowledge Economy
JF - Journal of the Knowledge Economy
IS - 4
ER -