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The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

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Author Info
Zoltan J. Acs (George Mason University and Max-Planck-Institute of Economics, Jena)
David J. Brooksbank (University of Glamorgan)
Colm O'Gorman (Dublin City University)
David G. Pickernell (University of Glamorgan)
Siri Terjesen (Queensland University of Technology and Max-Planck-Institute of Economics, Jena)

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Abstract

We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to examine how FDI and entrepreneurship policy in these two regions might have influenced the levels of knowledge-based entrepreneurship, we outline FDI and entrepreneurship policies for Wales and Ireland and key measures of knowledge creation, and evaluate the extent and nature of FDI activity and its relationship with entrepreneurship in general and knowledge-based entrepreneurship in particular. Implications include possible policy directions for countries that are characterized by weak knowledge-creating institutions yet wish to encourage knowledge-based entrepreneurship.

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Publisher Info
Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number 2007-059.

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Date of creation: 12 Sep 2007
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Handle: RePEc:jrp:jrpwrp:2007-059

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Related research
Keywords: Economic Development Entrepreneurship Foreign Direct Investment Ireland Knowledge Spillovers Wales

Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups

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References listed on IDEAS
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.:
  1. Görg, Holger & Strobl, Eric, 2002. "Multinational Companies and Indigenous Development: An Empirical Analysis," CEPR Discussion Papers 3325, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  2. Max Munday & Annette Roberts, 2001. "Assessing the Regional Transactions of Foreign Manufacturers in Wales: Issues and Determinants," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 92(2), pages 202-216, 05. [Downloadable!] (restricted)
  3. Acemoglu, Daron & Johnson, Simon & Robinson, James A, 2004. "Institutions as the Fundamental Cause of Long-Run Growth," CEPR Discussion Papers 4458, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Acs, Zoltán J & Audretsch, David B & Braunerhjelm, Pontus & Carlsson, Bo, 2004. "The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth," CEPR Discussion Papers 4783, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, vol. 24(3), pages 323-334, 02. [Downloadable!] (restricted)
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  6. Morck, Randall & Yeung, Bernard, 1992. "Internalization : An event study test," Journal of International Economics, Elsevier, vol. 33(1-2), pages 41-56, August. [Downloadable!] (restricted)
  7. Stephen Hill & Max Munday, 1992. "The UK Regional Distribution of Foreign Direct Investment: Analysis and Determinants," Regional Studies, Taylor and Francis Journals, vol. 26(6), pages 535-544, January. [Downloadable!] (restricted)
  8. Driffield, Nigel & Taylor, Karl, 2000. "FDI and the Labour Market: A Review of the Evidence and Policy Implications," Oxford Review of Economic Policy, Oxford University Press, vol. 16(3), pages 90-103, Autumn.
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