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The knowledge spillover theory of entrepreneurship: an Asian perspective

Author

Listed:
  • Muhammad Naveed Iftikhar

    (Lahore University of Management Sciences)

  • Jonathan B. Justice

    (University of Delaware)

  • David B. Audretsch

    (Indiana University)

Abstract

For rapidly urbanizing countries in Asia, entrepreneurial activity is a critical source of employment and economic development. This paper uses a panel dataset of 20 countries in Asia to examine the role of urbanization in moderating the process of knowledge spillovers leading to firm creation. It is one of the pioneering studies to examine whether the knowledge spillover theory of entrepreneurship (KSTE)—a prominent and empirically valid theory in Western economies—is also valid in Asian economies. Empirical analysis reveals that the extent and quality of urbanization plays an important moderating role that can enhance or retard the exploitation of knowledge by urban entrepreneurs. The paper has important policy implications for Asian countries to take advantage of rapid urbanization and make investments in research and development to create knowledge spillovers that promote firm creation.

Suggested Citation

  • Muhammad Naveed Iftikhar & Jonathan B. Justice & David B. Audretsch, 2022. "The knowledge spillover theory of entrepreneurship: an Asian perspective," Small Business Economics, Springer, vol. 59(4), pages 1401-1426, December.
    • Handle: RePEc:kap:sbusec:v:59:y:2022:i:4:d:10.1007_s11187-021-00577-3
    DOI: 10.1007/s11187-021-00577-3
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    References listed on IDEAS

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    Cited by:

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    2. Elisabete Nogueira & Sofia Gomes & João M. Lopes, 2022. "The Key to Sustainable Economic Development: A Triple Bottom Line Approach," Resources, MDPI, vol. 11(5), pages 1-18, May.
    3. Li, Yutao & Zhang, Jinning & Lyu, Yanwei, 2023. "Does telecommunications infrastructure promote entrepreneurship in developing countries? Evidence from a quasi-natural experiment in China," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 106-119.

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    More about this item

    Keywords

    Entrepreneurship; Knowledge spillovers; Urbanization; Firm creation;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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