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Increasingly, entrepreneurship is being discussed and considered as a source of high economic growth and competitiveness. Agarwal, Audretsch and Sarkar (2010), questioning the underlying assumptions in the traditional framework of the process of creative destruction, provide an alternative conceptual process of creative construction that characterizes the dynamics between entrants and incumbents. Conceptually, this new framework of creative construction can prove quite useful to analyze the impact of countries’ entrepreneurship capital on economic performance and can be a guide for economic policy.

Entrepreneurship Capital and Technical Efficiency: The Role of New Business/Firms as a Conduit of Knowledge Spillovers