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The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

Author

Listed:
  • 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)

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.

Suggested Citation

  • Zoltan J. Acs & David J. Brooksbank & Colm O'Gorman & David G. Pickernell & Siri Terjesen, 2007. "The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment," Jena Economics Research Papers 2007-059, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2007-059
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    References listed on IDEAS

    as
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    Cited by:

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    2. Michael Anyadike-Danes & Mark Hart & Helena Lenihan, 2011. "New business formation in a rapidly growing economy: the Irish experience," Small Business Economics, Springer, vol. 36(4), pages 503-516, May.
    3. Pathak, Saurav & Xavier-Oliveira, Emanuel & Laplume, André O., 2013. "Influence of intellectual property, foreign investment, and technological adoption on technology entrepreneurship," Journal of Business Research, Elsevier, vol. 66(10), pages 2090-2101.
    4. Braunerhjelm, Pontus, 2010. "Entrepreneurship, Innovation and Economic Growth – Past experiences, current knowledge and policy implications," Working Papers 2010:2, Swedish Entrepreneurship Forum.
    5. Rajeev K. Goel, 2018. "Foreign direct investment and entrepreneurship: gender differences across international economic freedom and taxation," Small Business Economics, Springer, vol. 50(4), pages 887-897, April.
    6. Sierdjan Koster & Charlie Karlsson, 2010. "New Firm Formation and Economic Development in a Globalizing Economy," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Entrepreneurship and Regional Development, chapter 3, Edward Elgar Publishing.

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    More about this item

    Keywords

    Economic Development; Entrepreneurship; Foreign Direct Investment; Ireland; Knowledge Spillovers; Wales;
    All these keywords.

    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; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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