The knowledge spillover theory of entrepreneurship: an Asian perspective

Muhammad Naveed Iftikhar (), Jonathan B. Justice () and David B. Audretsch ()
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Muhammad Naveed Iftikhar: Lahore University of Management Sciences
Jonathan B. Justice: University of Delaware
David B. Audretsch: Indiana University

Small Business Economics, 2022, vol. 59, issue 4, No 5, 1426 pages

Abstract: Abstract For rapidly urbanizing countries in Asia, entrepreneurial activity is a critical source of employment and economic development. This paper uses a panel dataset of 20 countries in Asia to examine the role of urbanization in moderating the process of knowledge spillovers leading to firm creation. It is one of the pioneering studies to examine whether the knowledge spillover theory of entrepreneurship (KSTE)—a prominent and empirically valid theory in Western economies—is also valid in Asian economies. Empirical analysis reveals that the extent and quality of urbanization plays an important moderating role that can enhance or retard the exploitation of knowledge by urban entrepreneurs. The paper has important policy implications for Asian countries to take advantage of rapid urbanization and make investments in research and development to create knowledge spillovers that promote firm creation.

Keywords: Entrepreneurship; Knowledge spillovers; Urbanization; Firm creation (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s11187-021-00577-3

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