The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

Zoltan J. Acs, (), David J. Brooksbank, Colm O'Gorman, David G. Pickernell and Siri Terjesen ()
Additional contact information
David J. Brooksbank: University of Glamorgan
Colm O'Gorman: Dublin City University
David G. Pickernell: University of Glamorgan

No 2007-059, Jena Economic Research Papers in Economics from Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek

Abstract: We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to examine how FDI and entrepreneurship policy in these two regions might have influenced the levels of knowledge-based entrepreneurship, we outline FDI and entrepreneurship policies for Wales and Ireland and key measures of knowledge creation, and evaluate the extent and nature of FDI activity and its relationship with entrepreneurship in general and knowledge-based entrepreneurship in particular. Implications include possible policy directions for countries that are characterized by weak knowledge-creating institutions yet wish to encourage knowledge-based entrepreneurship.

Keywords: Economic Development; Entrepreneurship; Foreign Direct Investment; Ireland; Knowledge Spillovers; Wales (search for similar items in EconPapers)
JEL-codes: J24 L26 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino, nep-knm and nep-sea
Date: 2007-09-12
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