Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 165: Endogenous growth through knowledge spillovers in entrepreneurship: An empirical test

Frédéric Delmar (), Karl Wennberg () and Karin Hellerstedt ()
Additional contact information
Frédéric Delmar: Research Institute of Industrial Economics and Center for Research in New Venture Creation and Growth, Postal: Center for Research in New Venture Creation and Growth, EMLYON Business School, 23 avenue Guy de Collongue, BP 174, 69132 ECULLY Cedex FRANCE
Karl Wennberg: The Ratio Institute and Stockholm School of Economics, Postal: The Ratio Institute, P.O. Box 3203, SE-103 64 Stockholm, Sweden
Karin Hellerstedt: Jönköping International Business School, Postal: Jönköping International Business School, PO Box 1026, SE-551 11 Jönköping, Sweden

Abstract: Endogenous growth theory is based on the notion that technological knowledge stimulates growth, yet the micro foundations of this process are rarely investigated and remain obscure. Knowledge spillover theory posits that growth is contingent on the technology dependence of industries, forming the landscape for technology entrepreneurs to launch and grow new ventures. We investigate these theoretical contingencies of endogenous growth with two research questions at two levels of analysis: First, do industries with a greater need for new technology-based entrepreneurship grow disproportionately faster than other industries? Second, do the knowledge spillover effects foster the growth of new technology based firms contingent on certain industry structures? These questions are examined empirically, using a comprehensive employee-employer data set on the science and technology labor force in Sweden from 1995 to 2002.

Keywords: Endogenous Growth; Entrepreneurship; Industry Evolution

JEL-codes: D24; L11; L26; M13

48 pages, April 12, 2011

Note: Forthcoming in Strategic Entrepreneurship Journal

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kw_fd_kh_spillovers165.pdf PDF-file 

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