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The knowledge spillover theory of entrepreneurship

Open access
Acs, Zoltan J., Braunerhjelm, Pontus, Audretsch, David B., Carlsson, Bo·2009·Small Business Economics

Abstract

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.

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Citations

Cites

Research works printed but not linked: 43

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Metadata

Authors
Acs, Z. J., Braunerhjelm, P., Audretsch, D. B., & Carlsson, B.
Venue
Small Business Economics
Published
2008-12-13
Volume
32
Issue
1
Pages
15-30
ISSN
  • 0921-898X (ISSN-L)
  • 1573-0913
OpenAlex
W3124839039
Cited by
1,834
References
11
FWCI
98.92
Type
journal article
Language
en
Open access
hybrid

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