TY - BOOK AU - Botelho,Tristan L. AU - Fehder,Daniel AU - Hochberg,Yael ED - National Bureau of Economic Research. TI - Innovation-Driven Entrepreneurship T2 - NBER working paper series PY - 2021/// CY - Cambridge, Mass. PB - National Bureau of Economic Research N1 - July 2021; Hardcopy version available to institutional subscribers N2 - Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We begin by distinguishing between the various forms of entrepreneurship, which are often confounded in both theory and empirical work. We lay out the current state of knowledge, and describe the challenges faced by researchers in the field, particularly around measurement, data and identification. We conclude with an overview of the major open questions and directions for future research in the area UR - https://www.nber.org/papers/w28990 UR - http://dx.doi.org/10.3386/w28990 ER -