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VOL. 9, ISSUE 5 (2024)
Interconnections of knowledge, entrepreneurship, and innovation: Insights into economic growth and development
Authors
Divya Purbia
Abstract
This study explores the critical role of knowledge, entrepreneurship,
and innovation in driving economic and social prosperity. It underscores how
advancements in these areas have historically preceded significant strides in
human development, drawing parallels with the ongoing "third" digital
revolution, akin to the first and second industrial revolutions. Despite
widespread belief in the importance of micro-level processes for disseminating
information and fostering growth, there is a notable absence of a rigorous
theoretical framework and empirical evidence. The complex interrelationship
between knowledge, entrepreneurship, and innovation complicates their
separation as distinct economic factors. Recent literature has begun to address
these issues, revealing gaps in our understanding of growth dynamics. The study
identifies weaknesses in current theoretical and empirical approaches and
emphasizes the necessity of a comprehensive strategy to achieve sustained
economic growth. This strategy should incorporate a broad spectrum of policies
and tools, particularly those focused on the microeconomic foundations of
growth.
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Pages:7-11
How to cite this article:
Divya Purbia "Interconnections of knowledge, entrepreneurship, and innovation: Insights into economic growth and development". International Journal of Advanced Research and Development, Vol 9, Issue 5, 2024, Pages 7-11
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