TITLE

The missing pillar: the creativity theory of knowledge spillover entrepreneurship

AUTHOR(S)
Audretsch, David B.; Belitski, Maksim
PUB. DATE
December 2013
SOURCE
Small Business Economics;Dec2013, Vol. 41 Issue 4, p819
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Knowledge spillover theory of entrepreneurship and the prevailing theory of economic growth treat opportunities as endogenous and generally focus on opportunity recognition by entrepreneurs. New knowledge created endogenously results in knowledge spillovers enabling inventors and entrepreneurs to commercialize it. This article discusses that knowledge spillover entrepreneurship depends not only on ordinary human capital, but more importantly also on creativity embodied in creative individuals and diverse urban environments that attract creative classes. This might result in self-selection of creative individuals into entrepreneurship or enable entrepreneurs to recognize creativity and commercialize it. This creativity theory of knowledge spillover entrepreneurship is tested utilizing data on European cities.
ACCESSION #
91993046

 

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