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Technological Environment and Technology Entrepreneurship: A Cross‐Country Analysis
Author(s) -
Colovic Ana,
Lamotte Olivier
Publication year - 2015
Publication title -
creativity and innovation management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.148
H-Index - 60
eISSN - 1467-8691
pISSN - 0963-1690
DOI - 10.1111/caim.12133
Subject(s) - entrepreneurship , information and communications technology , investment (military) , business , technological change , information technology , economic geography , industrial organization , marketing , regional science , economics , finance , geography , political science , law , macroeconomics , politics
Recent years have seen growing interest in the influence of the environment on entrepreneurship. However, little is known about the impact of the country‐level technological environment on the creation of new technology‐based firms. This study investigates the relationship between the technological environment (measured by the amount of investment in R & D , and access to information and communication technology [ ICT ] infrastructure) and technology entrepreneurship, in 54 countries during the years 2005 to 2010. Using data from the Global Entrepreneurship Monitor, and the W orld B ank Development Indicators, we identify a significant, robust inverted U ‐shaped relationship between R & D investment at country level and the likelihood of technology entrepreneurship. We also find evidence of a positive relationship between access to ICT infrastructure and the likelihood of technology entrepreneurship.