Open AccessThe knowledge spillover theory of entrepreneurship: an application to foreign direct investment
Author(s) -
Zoltán J. Ács,
David Brooksbank,
Colm O',
N.A. Gorman,
David Pickernell,
Siri Terjesen
Publication year - 2012
Publication title -
international journal of entrepreneurship and small business/international journal of entrepreneurship and small business
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.448
H-Index - 33
eISSN - 1741-8054
pISSN - 1476-1297
DOI - 10.1504/ijesb.2012.045206
Subject(s) - entrepreneurship , foreign direct investment , knowledge spillover , spillover effect , business , industrial organization , economics , microeconomics , finance , macroeconomics
Does the knowledge spillover theory of entrepreneurship provide an explanation for the emergence of knowledge-based entrepreneurship in Ireland and Wales? To examine the reasons for different levels of knowledge-based entrepreneurship in these two regions we explore FDI and entrepreneurship policy. We outline key measures of knowledge creation, and evaluate the extent and nature of FDI activity and its relationship with entrepreneurship in general and knowledge-based entrepreneurship in particular. Policy implications include the need for more integrated policy directions for countries that are characterised by weak knowledge creating institutions yet wish to encourage knowledge-based entrepreneurship