Steven Klepper: Recipient of the 2011 <Emphasis Type="Italic">Global Award for Entrepreneurship Research</Emphasis> |
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Authors: | Pontus Braunerhjelm Bo Carlsson |
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Institution: | (1) Chairman of the Prize Committee, Swedish Entrepreneurship Forum, Kungsgatan 33, Stockholm, Sweden;(2) Department of Transport and Economics, Royal Institute of Technology, 100 44 Stockholm, Sweden;(3) Member of the Prize Committee, Weatherhead School of Management, Department of Economics, Case Western Reserve University, Cleveland, OH, USA |
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Abstract: | This article reviews the academic contributions of the 2011 receiver of the Global
Award for Entrepreneurship Research, Professor Steven Klepper, Carnegie Mellon University. The Global Award consists of 100,000 Euro and a statuette of the internationally
renowned Swedish sculpture Carl Milles. Klepper has made breakthrough analyses in the realm of industrial dynamics, emphasizing
the regularities in the time paths of entry of new producers, exit of incumbent firms, spin-offs and innovation. His work
is predominantly empirical but he has also played an essential role in developing more rigorous theoretical models of phenomena
such as spin-offs. Of particular importance is how Klepper has managed to link traditional neoclassical models with evolutionary
theory as well as entrepreneurship research with mainstream economics. |
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