Connectivity-based Regional Development
Chapter 2: Why beyond innovation and why entrepreneurship?
This chapter reviews theories of innovation and entrepreneurship. The past theories argued much overlap between the two, while this chapter disentangles the two concepts and highlights differences. It further points out that the innovation theories captured primarily inputs of innovation, but failed to capture outputs of innovation, and are biased toward high-tech sectors and patents-oriented innovation. Instead, it proposes to capture regional dynamics based on entrepreneurship.
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