Declining business dynamism among our best opportunities: the role of the burden of knowledge
Thomas Astebro, Serguey Braguinsky and Yuheng Ding: We document that since 1997, the rate of startup formation has precipitously declined for firms operated by U.S. PhD recipients in science and engineering. These are supposedly the source of some of our best new technological and business opportunities. We link this to an increasing burden of knowledge … Continue reading Declining business dynamism among our best opportunities: the role of the burden of knowledge
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