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CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology KTH/CESIS Working Paper Series in Economics and Institutions of Innovation

No 77:
The Knowledge Spillover Theory of Entrepreneurship

Zoltan Acs (), David Audrestch, Pontus Braunerhjelm () and Bo Carlsson ()

Abstract: Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. While the prevailing view in the entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of economic growth suggests that opportunities are endogenous. This paper bridges the gap between the entrepreneurship and economic growth literatures by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers that give rise to opportunities to be identified and exploited by entrepreneurs.

Keywords: Opportunity; knowledge; entrepreneurship; knowledge filter; (follow links to similar papers)

JEL-Codes: J24; M13; O31; R10; (follow links to similar papers)

37 pages, January 10, 2007

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