The Knowledge Spillover Theory of Entrepreneurship

Zoltan J. Acs, (), David Audrestch, Pontus Braunerhjelm () and Bo Carlsson ()
Additional contact information
David Audrestch: Indiana University, School of Environmental and Public Affairs
Pontus Braunerhjelm: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden, http://www.infra.kth.se/~pontusb
Bo Carlsson: Case Western Reserve University, Weatherhead School of Management, Department of Economics

No 77, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. While the prevailing view in the entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of economic growth suggests that opportunities are endogenous. This paper bridges the gap between the entrepreneurship and economic growth literatures by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers that give rise to opportunities to be identified and exploited by entrepreneurs.

Keywords: Opportunity; knowledge; entrepreneurship; knowledge filter (search for similar items in EconPapers)
JEL-codes: J24 M13 O31 R10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-hrm, nep-ino, nep-knm and nep-tid
Date: 2007-01-10
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http://www.infra.kth.se/cesis/documents/WP77.pdf (application/pdf)

Related works:
Working Paper: The Knowledge Spillover Theory of Entrepreneurship (2005)
Working Paper: The Knowledge Spillover Theory of Entrepreneurship (2005)
Journal Article: The knowledge spillover theory of entrepreneurship (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:cesisp:0077

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