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The missing pillar: the creativity theory of knowledge spillover entrepreneurship

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  • David Audretsch

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  • Maksim Belitski

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Abstract

Knowledge spillover theory of entrepreneurship and the prevailing theory of economic growth treat opportunities as endogenous and generally focus on opportunity recognition by entrepreneurs. New knowledge created endogenously results in knowledge spillovers enabling inventors and entrepreneurs to commercialize it. This article discusses that knowledge spillover entrepreneurship depends not only on ordinary human capital, but more importantly also on creativity embodied in creative individuals and diverse urban environments that attract creative classes. This might result in self-selection of creative individuals into entrepreneurship or enable entrepreneurs to recognize creativity and commercialize it. This creativity theory of knowledge spillover entrepreneurship is tested utilizing data on European cities. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • David Audretsch & Maksim Belitski, 2013. "The missing pillar: the creativity theory of knowledge spillover entrepreneurship," Small Business Economics, Springer, vol. 41(4), pages 819-836, December.
  • Handle: RePEc:kap:sbusec:v:41:y:2013:i:4:p:819-836
    DOI: 10.1007/s11187-013-9508-6
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    Cited by:

    1. David Audretsch & Maksim Belitski & Sameeksha Desai, 2015. "Entrepreneurship and economic development in cities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(1), pages 33-60, October.
    2. repec:kap:jculte:v:42:y:2018:i:2:d:10.1007_s10824-017-9299-8 is not listed on IDEAS
    3. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2018. "The knowledge spillover theory of intrapreneurship," Small Business Economics, Springer, vol. 51(1), pages 1-30, June.
    4. Tsvetkova, Alexandra, 2016. "Do diversity, creativity and localized competition promote endogenous firm formation? Evidence from a high-tech US industry," MPRA Paper 72349, University Library of Munich, Germany.
    5. repec:kap:jtecht:v:43:y:2018:i:2:d:10.1007_s10961-017-9574-z is not listed on IDEAS
    6. repec:taf:regstd:v:51:y:2017:i:3:p:439-453 is not listed on IDEAS
    7. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9478-3 is not listed on IDEAS
    8. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2016. "Labour as a knowledge carrier: how increased mobility influences entrepreneurship," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1308-1326, December.
    9. Sam Tavassoli & Nunzia Carbonara, 2014. "The role of knowledge variety and intensity for regional innovation," Small Business Economics, Springer, vol. 43(2), pages 493-509, August.
    10. Eckhardt Bode & Lucia Perez Villar, 2017. "Creativity, education or what? On the measurement of regional human capital," Papers in Regional Science, Wiley Blackwell, vol. 96, pages 51-67, March.
    11. David Audretsch & Alex Coad & Agustí Segarra, 2014. "Firm growth and innovation," Small Business Economics, Springer, vol. 43(4), pages 743-749, December.
    12. Bollmann, Tobias, 2018. "Unternehmensgründungen und Hochschulen: Eine Analyse der Bedeutung von universitärer Entrepreneurship-Bildung und Clustermitgliedschaften auf regionale Unternehmensgründungen," Arbeitspapiere 180, University of Münster, Institute for Cooperatives.
    13. Erik E. Lehmann & Nikolaus Seitz & Katharine Wirsching, 2017. "Smart finance for smart places to foster new venture creation," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 44(1), pages 51-75, March.
    14. repec:spr:eurasi:v:8:y:2018:i:1:d:10.1007_s40821-017-0086-4 is not listed on IDEAS
    15. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9473-8 is not listed on IDEAS
    16. Feser, Daniel & Proeger, Till, 2015. "Asymmetric information as a barrier to knowledge spillovers in expert markets," Center for European, Governance and Economic Development Research Discussion Papers 259, University of Goettingen, Department of Economics.
    17. Daniel Feser & Till Proeger, 2017. "Asymmetric information as a barrier to knowledge spillovers in expert markets," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 211-232, March.
    18. Moutinho, Ricardo & Au-Yong-Oliveira, Manuel & Coelho, Arnaldo & Manso, José Pires, 2015. "Beyond the “Innovation's Black-Box”: Translating R&D outlays into employment and economic growth," Socio-Economic Planning Sciences, Elsevier, vol. 50(C), pages 45-58.
    19. Balázs Páger & Éva Komlósi, 2015. "Agglomeration effects on countries' competitiveness and entrepreneurial performance," ERSA conference papers ersa15p503, European Regional Science Association.
    20. Niccolò Ghio & Massimiliano Guerini & Erik Lehmann & Cristina Rossi-Lamastra, 2015. "The emergence of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 44(1), pages 1-18, January.
    21. Coll Martínez, Eva, 2018. "Creativity and entrepreneurship: Empirical evidence for Catalonia," Working Papers 2072/306521, Universitat Rovira i Virgili, Department of Economics.
    22. Maksim Belitski & Farzana Chowdhury & Sameeksha Desai, 2016. "Taxes, corruption, and entry," Small Business Economics, Springer, vol. 47(1), pages 201-216, June.
    23. David B. Audretsch & Maksim Belitski, 2015. "Creativity spillover of entrepreneurship: evidence from European cities," Chapters,in: Innovation and Entrepreneurship in the Global Economy, chapter 6, pages 141-161 Edward Elgar Publishing.
    24. Maksim Belitski & Sameeksha Desai, 2016. "Creativity, entrepreneurship and economic development: city-level evidence on creativity spillover of entrepreneurship," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1354-1376, December.
    25. repec:taf:oabmxx:v:4:y:2017:i:1:p:1296802 is not listed on IDEAS

    More about this item

    Keywords

    Entrepreneurship; Creativity spillover; Human capital; European city; J24; L26; O1; O31;

    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
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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