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Knowledge Capital and the “New Economy”

Firm Size, Performance And Network Production

Finally, we compare cluster dynamics and the institutional setup in Europe and the U.S., with the purpose of identifying regulations that seem to hinder a conducive environment for expanding and dynamic European clusters."--Jacket.

The role of private venture capital is particularly critical within new, knowledge-
intensive industries such as biomedicine/biotechnology, where investments are
often intangible and future potential difficult to assess (Gompers, 1996).