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Penetrating the "Knowledge Filter" in Regional Economies Author info | Abstract | Publisher info | Download info | Related research | Statistics Lawrence A. Plummer ()
Zoltan J. Acs ()
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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. Acs, Audretsch, Braunerhjelm, and Carlsson (2003) develop a model that 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 filer" than incumbent firms.
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Paper provided by Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy in its series Discussion Papers on Entrepreneurship, Growth and Public Policy with number
2004-38.
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Length: 31 pages
Date of creation: Aug 2004Date of revision:
Handle: RePEc:esi:egpdis:2004-38Contact details of provider: Postal: Kahlaische Strasse 10, D-07745 Jena Phone: +49-3641-68 65 Fax: +49-3641-68 69 90 Web page: http://www.econ.mpg.de/ More information through EDIRC
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Keywords: Regional growth knowledge new venture creation entrepreneurship Other versions of this item:
Find related papers by JEL classification: M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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