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According to the author, a major source of distinction between neoclassical and evolutionary economics is that the latter replaces conventional emphasis on mere growth with the broader concept of Schumpeterian development, which is characterized by the simultaneous processes of growth and qualitative transformations in the economy.

The authors argue advance in economic and management theory to help policymakers and management cope is lagging economic development. Since creating and identifying winners and carrying them on to industrial scale production is the single most important growth promoting factor, a broad based competence to choose the appropriate management method for the occasion is also the important growth
promoting factor.

The paper discusses the elements of a comprehensive definition of human capital and identifies the fundamental differences between human and physical capital. It shows that the main features of human capital and its differences with physical capital have implications for national income accounting, the classification of government expenditures, and the endogenous growth literature.

Using a data set of the firms listed on the Neuer
Markt in Germany, the paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. The authors also provide evidence that the presence of venture capitalists enhance the growth rates of firms positively.

The authors study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms.

The authors examine the relationship between the local levels of human capital and firm formation rates and find that formation rates differ with the share of adults with college degrees, especially for
industries that normally require college-educated founders.

The paper examines the relationship between human capital and new firm survival at the regional level by incorporating the level of schooling, and knowledge spillover effects while controlling for other effects.

The authors suggest that a more fundamental problem may exist with respect to the growth rates used in the majority of studies. The results of two recent studies depend critically on which data set is used to derive the growth measure.

The paper introduces the distinction between individual and communal aspects of social capital and explores their roles in production.

The paper studies the role of institutional investors
(pension fund, insurance companies and investment companies) in the development of the financial sector and economic growth in OECD
countries by employing a dynamic panel VAR.