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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 Economic Research Papers 2007-059, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2007-059
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    References listed on IDEAS

    as
    1. Zoltán J. Ács & Colm O'Gorman & László Szerb & Siri Terjesen, 2015. "Could the Irish Miracle be Repeated in Hungary?," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 30, pages 584-603 Edward Elgar Publishing.
    2. Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, vol. 24(3), pages 323-334, February.
    3. O'Malley, Eoin, 2004. "Competitive Performance in Irish Industry," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2004(4-Winter), pages 66-101.
    4. 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, May.
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    7. 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.
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    Cited by:

    1. Sierdjan Koster & Charlie Karlsson, 2010. "New Firm Formation and Economic Development in a Globalizing Economy," Chapters,in: Entrepreneurship and Regional Development, chapter 3 Edward Elgar Publishing.
    2. Paul Bishop, 2012. "Knowledge, diversity and entrepreneurship: a spatial analysis of new firm formation in Great Britain," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 24(7-8), pages 641-660, September.
    3. 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.
    4. 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.

    More about this item

    Keywords

    Economic Development; Entrepreneurship; Foreign Direct Investment; Ireland; Knowledge Spillovers; Wales;

    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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