KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
The Entrepreneruship-Philanthropy Nexus: Implication for internationalization
() and Pontus Braunerhjelm
Abstract: This paper examines how Sweden and the United States have
been impacted by philanthropic activities, commercialization of
university-based knowledge and international entrepreneurship. The analysis
comprises a detailed case study of Swedish and U.S. universities, as well
as a statistical analysis of the impact of philanthropy on economic growth.
The results show that the United States has prompted a university system
based on competition and variety, with an emphasis on philanthropy,
promoting knowledge creation. International entrepreneurship has been an
important mechanism by which this knowledge is globalized leading to
increased economic growth. Conversely, Swedish universities were
characterized by less commercialized R&D and weak links to the commercial
sector, rooted traditionally in dependence on tax-financed and homogenous
university structure. The Swedish model has begun to change with important
implications for development in smaller domestic markets. The analysis has
important implications for knowledge creation as a source of economic
growth through international entrepreneurship taking advantage of
globalization, especially for smaller countries.
Keywords: Philanthropy; entrepreneurship; growth; (follow links to similar papers)
JEL-Codes: M13; M14; O30; (follow links to similar papers)
49 pages, August 12, 2005
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