The missing pillar: the creativity theory of knowledge spillover entrepreneurship

Audretsch, David B.; Belitski, Maksim
December 2013
Small Business Economics;Dec2013, Vol. 41 Issue 4, p819
Academic Journal
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.


Related Articles

  • Resource Attraction. Hamel, Gary // Executive Excellence;Aug2000, Vol. 17 Issue 8, p3 

    Advises executives to shift the balance of effort from stewardship to entrepreneurship. Linking of business success to innovativeness; Determination to capture the vast economic benefits that flow from unfettered imagination and unbridled ambition; Ways to ignite the entrepreneurial passions of...

  • Gilbert’s Bizdom U protégés set to work on new startups. SODER, CHUCK // Crain's Cleveland Business;10/17/2011, Vol. 32 Issue 42, p0004 

    The article reports on the Bizdom U program of entrepreneur Dan Gilbert in Cleveland, Ohio in 2011. It says that the five-month long entrepreneurial boot camp aimed to promote the development of innovative business ideas in the city. It notes that officials from Bizdom U will select some of...

  • Examining the Age--Performance Relationship for Entrepreneurs: Does the Innovativeness of a Venture Make a Difference? Prasad, V. Kanti; Ehrhardt, Kyle; Yiyuan Liu; Tiwari, Kamlesh // New England Journal of Entrepreneurship;Spring/Fall2015, Vol. 18 Issue 1, p41 

    Whether older or younger entrepreneurs may be better positioned to achieve performance outcomes for their ventures is a much debated question. Here, we draw on Galenson's theory of creativity to propose a contingency perspective for understanding the relationship between entrepreneur age and...

  • Growth and entrepreneurship. Acs, Zoltan; Audretsch, David; Braunerhjelm, Pontus; Carlsson, Bo // Small Business Economics;Sep2012, Vol. 39 Issue 2, p289 

    In this paper we suggest that the spillover of knowledge may not occur automatically as typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit for the spillover and commercialization of knowledge from the source creating it, to the firms actually...

  • Alternatives in Human Capital Accumulation: Implications for Economic Growth. Iyigun, Murat F; Owen, Ann L // Working Papers -- U.S. Federal Reserve Board's International Fin;1996, p1 

    The authors of this paper find that considering alternative means of human capital accumulation, such as learning-by-doing, overturns the belief that formal education is categorically beneficial for economic growth. The authors dissect a model in which the average level of human capital creates...

  • Knowledge and entrepreneurial employees: a country-level analysis. Stam, Erik // Small Business Economics;Dec2013, Vol. 41 Issue 4, p887 

    According to the knowledge spillover theory of entrepreneurship, knowledge created endogenously results in knowledge spillovers, which allow independent entrepreneurs to identify and exploit opportunities (Acs et al. in Small Bus Econ 32(1):15–30, 2009 ). The knowledge spillover theory of...

  • Fostering a spirit of entrepreneurship in the Valley. Stearns, Timothy M. // Business Journal Serving Fresno & the Central San Joaquin Valley;10/1/2004, Issue 323303, p5 

    Focuses on the process underwent by entrepreneurs in building a business in San Joaquin River Valley, California. Observation on the practice of entrepreneurship; Importance of creativity and innovation in business; Admiration for the inventors in the community.

  • DO WE HAVE TOO MANY ENTREPRENEURS? Ryan, Matthew // University of Auckland Business Review;Autumn2012, Vol. 15 Issue 1, p6 

    The article offers the author's insights on the issues concerning entrepreneurs in the enterprise economy in New Zealand. The author cites a research by Rocco Huang which suggests that optimism among entrepreneurs drives innovation, creativity, and enterprise. He tackles entrepreneurial activity...

  • CREATIVITY IN THE ENTREPRENEURSHIP PROGRAM: A SURVEY OF DIRECTORS OF AWARD WINNING PROGRAMS. Schmidt, Jacqueline J.; Soper, John C.; Bernaciak, Jill // Allied Academies International Conference: Proceedings of the Ac;Apr2012, Vol. 18 Issue 1, p51 

    Fillis and Rentscheler (2010) found creativity was critical throughout the entrepreneurship experience and contended that in "today's economy in many parts of the world, it is the creativity of the entrepreneur which offers the best chance of stimulating business". The American Management...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics