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)
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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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Length: 37 pages Date of creation: 10 Jan 2007 Date of revision: Handle: RePEc:hhs:cesisp:0077
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Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General
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