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The knowledge spillover theory of entrepreneurship

Acs, Zoltan J. and Braunerhjelm, Pontus and Audretsch, David B. and Carlsson, Bo (2009) The knowledge spillover theory of entrepreneurship. Small Business Economics, 32 (1). pp. 15-30. ISSN 0921-898X

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Identification Number: 10.1007/s11187-008-9157-3

Abstract

Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.

Item Type: Article
Official URL: http://link.springer.com/journal/11187
Additional Information: © 2008 The Authors
JEL classification: J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development
Sets: Departments > Management
Date Deposited: 09 Apr 2014 09:09
Last Modified: 09 Apr 2014 09:09
URI: http://eprints.lse.ac.uk/id/eprint/56429

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