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

Strategic Entrepreneurship Journal, Forthcoming

46 Pages Posted: 7 Nov 2007  

Rajshree Agarwal

University of Maryland - Robert H. Smith School of Business

David B. Audretsch

Indiana University - Institute for Development Strategies; King Saud University; WHU - Otto Beisheim School of Management; Indiana University Bloomington - School of Public & Environmental Affairs (SPEA)

M. B. Sarkar

University of Central Florida - College of Business Administration

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.

Keywords: entrepreneurship, economic growth, knowledge spillovers, creative construction

JEL Classification: D62, J24, M13, O32

Suggested Citation

Agarwal, Rajshree and Audretsch, David B. and Sarkar, M. B., The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship and Economic Growth. Strategic Entrepreneurship Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1027901

Rajshree Agarwal (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742-1815
United States

David B. Audretsch

Indiana University - Institute for Development Strategies ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States
812-855-6766 (Phone)
812-855-0184 (Fax)

King Saud University ( email )

Riyadh, 11451
Saudi Arabia

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States

M. B. Sarkar

University of Central Florida - College of Business Administration ( email )

PO Box 161400
Orlando, FL 32816
United States

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