Penetrating the ``knowledge filter'' in regional economies

Zoltan Acs and Lawrence Plummer ()

The Annals of Regional Science, 2005, vol. 39, issue 3, 439-456

Abstract: New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that constitutes a commercial opportunity. A model introduces a ``knowledge filter'' between new knowledge and economic knowledge and identifies both new ventures and incumbent firms as the mechanism that reduces the knowledge filter and increases regional growth. This paper tests the hypotheses that new venture creation is a better mechanism than the absorptive capacity of incumbent firms for converting new knowledge into economic knowledge. Our results support the contention that new venture creation is a superior method of penetrating the regional ``knowledge filter'' than incumbent firms. Copyright Springer-Verlag 2005

Keywords: M13; O10; O18; O30; L10 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (60)

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Related works:
Chapter: Penetrating the "Knowledge Filter" in Regional Economies (2008)
Working Paper: Penetrating the "Knowledge Filter" in Regional Economies (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:39:y:2005:i:3:p:439-456

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DOI: 10.1007/s00168-005-0245-x

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