The knowledge spillover theory of entrepreneurship

Ács, Zoltán J.; Braunerhjelm, Pontus; Audretsch, David B.; Carlsson, Bo

doi:10.1007/s11187-008-9157-3

Cited by 1,230 publications

(661 citation statements)

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“…The role of entrepreneurship is crucial in exploiting and diffusing the knowledge created. New businesses in general and innovative start-ups, in particular, can be regarded as manifestations of knowledge spillovers from existing knowledge sources (Acs et al 2009. However, there are considerable spatial differences in entrepreneurship activity, which tend to be highly persistent over long periods of time (Andersson and Koster 2011;Fotopoulos and Storey 2017;Fritsch et al 2017).…”

Section: Knowledgementioning

confidence: 99%

“…The table furthermore reveals the well-known core-periphery pattern in Europe. 2 The emphasis on such rankings is without doubt important, but competitiveness, patents, and innovation per se will not automatically result in growth and increased prosperity (Acs et al 2009;Acs and Sanders 2013). They are necessary but by no means sufficient ingredients in the growth process.…”

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Financial and Institutional Reforms for an Entrepreneurial Society

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Section: Knowledgementioning

confidence: 99%

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Financial and Institutional Reforms for an Entrepreneurial Society

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“…Knowledge is often considered to be a public good that frequently 'spills over' to other firms and individuals, allowing others to reap where they have not necessarily sown (Acs et al 2009). Knowledge spillovers can be defined as the continuum between pure knowledge spillovers that are uncharged, unintended and not mediated by any market mechanism, and rent spillovers consisting of externalities that are at least partially paid for (Andersson and Ejermo 2005).…”

Section: Entrepreneurship and Regional Innovationmentioning

confidence: 99%

Entrepreneurship, innovation and regional growth: a network theory

2015

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Despite the growing acknowledgement that entrepreneurship is an important driver of regional innovation and growth, the role of the networks in these processes has been less formally examined. In order to address this gap, this paper proposes that the relationship between entrepreneurship, innovation and regional growth is governed by a series of network dynamics. Drawing upon aspects of endogenous growth theory and the knowledge spillover theory of entrepreneurship, it is proposed that the nature of the networks formed by entrepreneurial firms is a key determinant of regional growth differentials. In particular, network capital, in the form of investments in strategic relations to gain access to knowledge, is considered to mediate the relationship between entrepreneurship and innovation-based regional growth. It is suggested that network dynamics should be further incorporated into theories concerning the link between knowledge spillovers, entrepreneurship and regional growth. The paper concludes with a series of theoretical, entrepreneurial and policy implications emerging from the study.

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“…4 Acs (2009) shows that since the mid-1990s, these so-called high-impact firms have represented a tiny share of US companies (2-4 percent).…”

Section: Introductionmentioning

confidence: 99%

“…109 Delmar et al (2005). 110 See, e.g., Acs et al (2009 The entrepreneur enlivens these roles instead. They are the actors who commercialize inventions and thereby transform knowledge into economic knowledge, and they are the origin of knowledge spillover throughout the economy.…”

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Entrepreneurship and Public Policy

Henrekson

Stenkula

2010

Handbook of Entrepreneurship Research

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance of both productive entrepreneurship and so-called high-impact entrepreneurship in turn. Although varying contexts and economic systems make prescribing a general panacea impossible, a number of relevant policy areas are identified and analyzed. Independent of environment, productive entrepreneurship should be rewarded and unproductive entrepreneurship should be discouraged. Successful ventures must also have the incentive to continue renewing themselves just as it must be easy to start and expand a business. In particular, we analyze regulatory entry and growth barriers, labor market regulation, liquidity constraints and tax policy at length. Terms of use: Documents in EconStor may

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The knowledge spillover theory of entrepreneurship

Cited by 1,230 publications

References 43 publications

Financial and Institutional Reforms for an Entrepreneurial Society

Financial and Institutional Reforms for an Entrepreneurial Society

Entrepreneurship, innovation and regional growth: a network theory

Entrepreneurship and Public Policy

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