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The knowledge spillover theory of entrepreneurship
KTH, School of Architecture and the Built Environment (ABE), Transport and Economics, Economics.
2009 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 32, no 1, 15-30 p.Article in journal (Refereed) Published
Abstract [en]

Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.

Place, publisher, year, edition, pages
2009. Vol. 32, no 1, 15-30 p.
Keyword [en]
Opportunity, Knowledge, Entrepreneurship, Endogenous growth, Start-ups, New product innovation, research-and-development, patent citations, economic-growth, united-states, firm size, enterprises, productivity, technology, inventions, employment
URN: urn:nbn:se:kth:diva-18067DOI: 10.1007/s11187-008-9157-3ISI: 000261959800002ScopusID: 2-s2.0-67849120194OAI: diva2:336113
QC 20100525Available from: 2010-08-05 Created: 2010-08-05 Last updated: 2010-12-20Bibliographically approved

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ReferencesLink to record
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