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Innovation-driven entrepreneurship in developing economies

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  • José L. González-Pernía
  • Andrés Jung
  • Iñaki Peña

Abstract

The knowledge spillover theory of entrepreneurship (KSTE) has recently emerged as an influential research stream that examines the origin, development and economic impact of innovation-driven entrepreneurship. While empirical evidence has shown that the main premise of the KSTE generally holds in most advanced economies, the purpose of the present study is to investigate the extent to which the ideas advocated by the KSTE are generalizable to different contexts in developing countries. On applying a logistic multilevel analysis to a sample of almost 250,000 individuals across 45 developing countries, the results show that the different context found in developing economies produces a limited connection between knowledge spillovers, innovation and entrepreneurship in comparison with the conventional linkage studied in the KSTE literature.

Suggested Citation

  • José L. González-Pernía & Andrés Jung & Iñaki Peña, 2015. "Innovation-driven entrepreneurship in developing economies," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(9-10), pages 555-573, October.
    • Handle: RePEc:taf:entreg:v:27:y:2015:i:9-10:p:555-573
    DOI: 10.1080/08985626.2015.1075602
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    3. Wensheng Xiao & Haojia Kong & Lifan Shi & Valentina Boamah & Decai Tang, 2022. "The Impact of Innovation-Driven Strategy on High-Quality Economic Development: Evidence from China," Sustainability, MDPI, vol. 14(7), pages 1-20, April.
    4. Ramadani, Veland & Hisrich, Robert D. & Abazi-Alili, Hyrije & Dana, Léo-Paul & Panthi, Laxman & Abazi-Bexheti, Lejla, 2019. "Product innovation and firm performance in transition economies: A multi-stage estimation approach," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 271-280.
    5. Bruno Fischer & Paola Rücker Schaeffer & Sérgio Queiroz, 2019. "High-growth entrepreneurship in a developing country: Regional systems or stochastic process?," Contaduría y Administración, Accounting and Management, vol. 64(1), pages 59-60, Enero-Mar.
    6. Pindado, Emilio & Sánchez, Mercedes & García Martínez, Marian, 2023. "Entrepreneurial innovativeness: When too little or too much agglomeration hurts," Research Policy, Elsevier, vol. 52(1).
    7. Viktorija Petrov & Đorđe Ćelić & Zorica Uzelac & Zoran Drašković, 2020. "Three pillars of knowledge management in SMEs: evidence from Serbia," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 417-438, June.
    8. Donbesuur, Francis & Hultman, Magnus & Oghazi, Pejvak & Boso, Nathaniel, 2022. "External knowledge resources and new venture success in developing economies: Leveraging innovative opportunities and legitimacy strategies," Technological Forecasting and Social Change, Elsevier, vol. 185(C).

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