The knowledge spillover theory of entrepreneurship
Acs, Z. J., Braunerhjelm, P., Audretsch, D. B. & Carlsson, B.
(2009).
The knowledge spillover theory of entrepreneurship.
Small Business Economics,
32(1), 15-30.
https://doi.org/10.1007/s11187-008-9157-3
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 |
|---|---|
| Copyright holders | © 2008 The Authors |
| Departments | LSE > Academic Departments > Management |
| DOI | 10.1007/s11187-008-9157-3 |
| Date Deposited | 09 Apr 2014 |
| URI | https://researchonline.lse.ac.uk/id/eprint/56429 |
Explore Further
- J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
- L2 - Firm Objectives, Organization, and Behavior
- M13 - Entrepreneurship
- O3 - Technological Change; Research and Development
- https://www.scopus.com/pages/publications/67849120194 (Scopus publication)
- http://link.springer.com/journal/11187 (Official URL)