2015
Chapter
Designing the Future: Economic, Societal and Political Dimensions of Innovation

Innovation and Business Growth

Format:Print

Abstract

Innovation and the pursuit of new business opportunities are essential for growth at the firm level; moreover, they provide the foundation for an economy to achieve new levels of technological prowess, productivity, and ultimately prosperity. This chapter describes recent work in economics and management scholarship on how firms grow, with specific focus on questions surrounding the types of innovations that large and small firms pursue and how they impact their relative growth rates.

Keywords

Entrepreneurship; Economic Growth; Innovation and Invention

Citation

Kerr, William R. "Innovation and Business Growth." In Designing the Future: Economic, Societal and Political Dimensions of Innovation, edited by Austrian Council for Research and Training Development, 137–156. Vienna, Austria: Echomedia Buchverlag, 2015.