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The Knowledge Spillover Theory of Entrepreneurship

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  • Acs, Zoltan

    ()
    (George Mason University, School of Public Policy)

  • Audrestch, David

    (Indiana University, School of Environmental and Public Affairs)

  • Braunerhjelm, Pontus

    ()
    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Carlsson, Bo

    ()
    (Case Western Reserve University, Weatherhead School of Management, Department of Economics)

Abstract

Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. While the prevailing view in the entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of economic growth suggests that opportunities are endogenous. This paper bridges the gap between the entrepreneurship and economic growth literatures by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers that give rise to opportunities to be identified and exploited by entrepreneurs.

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Bibliographic Info

Paper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 77.

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Length: 37 pages
Date of creation: 10 Jan 2007
Date of revision:
Handle: RePEc:hhs:cesisp:0077

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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/
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Keywords: Opportunity; knowledge; entrepreneurship; knowledge filter;

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