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Endogenous growth through knowledge spillovers in entrepreneurship: an empirical test
Author(s) -
Delmar Frédéric,
Wennberg Karl,
Hellerstedt Karin
Publication year - 2011
Publication title -
strategic entrepreneurship journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 5.061
H-Index - 46
eISSN - 1932-443X
pISSN - 1932-4391
DOI - 10.1002/sej.114
Subject(s) - knowledge spillover , spillover effect , entrepreneurship , growth theory , endogenous growth theory , industrial organization , economic geography , knowledge creation , economics , empirical research , test (biology) , empirical evidence , business , marketing , microeconomics , classical economics , human capital , market economy , philosophy , finance , epistemology , biology , paleontology , downstream (manufacturing)
Endogenous growth theory suggests that technological knowledge stimulates growth, yet the micro‐foundations of this process remain obscure. Knowledge spillover theory posits that growth is contingent on the technology dependence of industries, forming the landscape for entrepreneurs to launch and grow ventures. We investigate these theoretical contingencies with two research questions using comprehensive employee‐employer data documenting the science and technology labor force in Sweden. First, do industries with a greater need for new technology‐based entrepreneurship grow disproportionately faster than other industries? Second, are the knowledge spillover effects fostering the growth of new technology‐based firms contingent on certain industry structures? Copyright © 2011 Strategic Management Society.