What turns knowledge into innovative products? The role of entrepreneurship and knowledge spillovers

Journal of Evolutionary Economics

Volumn 23, Issue 4, 2013, Pages 693-718

  Block, Joern H ^a,b,c   Thurik, Roy ^a,b,d,e   Zhou, Haibo ^f  

^a ERASMUS UNIVERSITY ROTTERDAM   (Netherlands)

^b ERASMUS UNIVERSITY ROTTERDAM   (Netherlands)

^c TECHNICAL UNIVERSITY OF MUNICH   (Germany)

^d EIM Group   (Netherlands)

^e MONTPELLIER BUSINESS SCHOOL   (France)

^f UNIVERSITY OF GRONINGEN   (Netherlands)

Author keywords

Commercialization of knowledge; Community innovation survey; Entrepreneurship; Innovation; Knowledge spillovers; Patents

Indexed keywords

EID: 84883451845     PISSN: 09369937     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00191-012-0265-5     Document Type: Article

References (93)

1. Acs ZJ (ed) (2010) The knowledge spillover theory of entrepreneurship. Edward Elgar, Cheltenham.
2. Acs ZJ, Armington C (2004) Employment growth and entrepreneurial activity in cities. J Evol Econ 38(8): 911-927.
3. Acs ZJ, Szerb L (2011) The global entrepreneurship and development index 2012. Edward Elgar Publishers.
4. Acs ZJ, Varga A (2005) Entrepreneurship, agglomeration and technological change. Small Bus Econ 24(3): 323-334.
5. Acs ZJ, Anselin L, Varga A (2002) Patents and innovation counts as measures of regional production of new knowledge. Res Policy 31(7): 1069-1085.
6. Acs ZJ, Audretsch DB, Braunerhjelm P, Carlsson B (2004) The missing link: The knowledge filter and entrepreneurship in endogenous growth. CEPR discussion paper no. 4783.
7. Acs ZJ, Braunerhjelm P, Audretsch DB, Carlsson B (2005) The knowledge spillover theory of entrepreneurship. CEPR discussion paper no. 5326.
8. Acs ZJ, Braunerhjelm P, Audretsch DB, Carlsson B (2009) The knowledge spillover theory of entrepreneurship. Small Bus Econ 32(1): 15-30.
9. Alexy O, Block J, Sandner P, Ter Wal A (2012) Social capital of venture capitalists and start-up funding. Small Bus Econ. doi: 10. 1007/s11187-011-9337-4.
10. Anselin L, Varga A, Acs ZJ (1997) Local geographic spillovers between university research and high technology innovations. J Urban Econ 42(3): 422-448.
11. Arrow K (1962) Economic welfare and the allocation of resources for invention. In: Welson RR (ed) The rate and direction of economic activity. Princeton University Press, Princeton, pp 609-625.
12. Arundel A (2001) The relative effectiveness of patents and secrecy for appropriation. Res Policy 30(4): 611-624.
13. Audretsch DB (1995) Innovation and industry evolution. MIT Press, Cambridge.
14. Audretsch DB (2007) Entrepreneurship capital and economic growth. Oxf Rev Econ Policy 23(1): 63-78.
15. Audretsch DB, Feldman MP (1996) R&D spillovers and the geography of innovation and production. Am Econ Rev 86(3): 630-640.
16. Audretsch DB, Keilbach MC (2004) Entrepreneurship capital and economic performance. Region Stud 38(8): 949-959.
17. Audretsch DB, Lehmann EE (2005) Does the knowledge spillover theory hold for regions? Res Policy 34(8): 1191-1202.
18. Audretsch DB, Thurik AR (2000) Capitalism and democracy in the 21st century: from the managed to the entrepreneurial economy. J Evol Econ 10(1-2): 17-34.
19. Audretsch DB, Thurik AR (2001) What is new about the new economy: sources of growth in the managed and entrepreneurial economies. Ind Corp Change 10(1): 267-315.
20. Audretsch DB, Boente W, Keilbach MC (2008) Entrepreneurship capital and its impact on knowledge diffusion and economic performance. J Bus Venturing 23(6): 687-698.
21. Baumol WJ (2002) The free market innovation machine: analyzing the growth miracle of capitalism. Princeton University Press, Princeton.
22. Benz M, Frey B (2008) Being independent is a great thing: subjective evaluations of self-employment and hierarchy. Economica 75(298): 362-383.
23. Beugelsdijk S (2007) Entrepreneurial culture, regional innovativeness and economic growth. J Evol Econ 17(2): 187-210.
24. Block J, Köllinger P (2009) I can't get no satisfaction-necessity entrepreneurship and procedural utility. Kyklos 62(1): 191-209.
25. Block J, Sandner P (2009) Necessity and opportunity entrepreneurs and their duration in self-employment: evidence from German micro data. J Ind Compet Trade 9(2): 117-137.
26. Block J, Wagner M (2010) Necessity and opportunity entrepreneurs in Germany: characteristics and earnings differentials. Schmalenbach Business Review 62(2): 154-174.
27. Block J, Sandner P, Spiegel F (2010a) How do risk attitudes differ within the group of entrepreneurs? The role of motivation and procedural utility. SSRN working paper.
28. Block JH, Thurik, AR, van der Zwan, PW, Walter S (2010b) Business takeover or new venture? Individual and environmental determinants from a cross-country study. ERIM research paper ERS-2010-042-ORG. http://hdl. handle. net/1765/21239.
29. Block J, Hoogerheide L, Thurik R (2011) Education and entrepreneurial choice: an instrumental variables analysis. Int Small Bus J. doi: 10. 1177/0266242611400470.
30. Braunerhjelm P (2008) Entrepreneurship, knowledge and economic growth. Foundations and Trends in Entrepreneurship 4(5): 451-533.
31. Bolton MK (1993) Imitation versus innovation: lessons to be learned from the Japanese. Organ Dyn 21(3): 30-45.
32. Bottazzi L, Peri G (2003) Innovation and spillovers in regions: evidence from European patent data. Eur Econ Rev 47(4): 687-710.
33. Braunerhjelm P, Svensson P (2010) The inventor's role: was Schumpeter right? J Evol Econ 20(3): 413-444.
34. Braunerhjelm P, Acs ZJ, Audretsch DB, Carlsson B (2010) The missing link: knowledge diffusion and entrepreneurship in endogenous growth. Small Bus Econ 34(2): 104-125.
35. Breschi S, Lissoni F (2001) Knowledge spillovers and local innovation systems: a critical survey. Ind Corp Change 10(4): 975-1005.
36. Breschi S, Malerba F, Orsenigo L (2000) Technological regimes and Schumpeterian patterns of innovation. Econ J 110(463): 388-410.
37. Breusch TS, Pagan AR (1980) The Lagrange multiplier test and its application to model specification in econometrics. Rev Econ Stud 47(1): 239-253.
38. Brockhaus RH (1980) Risk taking propensity of entrepreneurs. Acad Manage J 23(3): 509-520.
39. Brouwer MT (2002) Weber, Schumpeter and Knight on entrepreneurship and economic development. J Evol Econ 12(1): 83-105.
40. Cantner U, Gaffard J, Nesta L (2008) Schumpeterian perspectives on innovation, competition and growth. J Evol Econ 18(3): 291-293.
41. Carlsson B, Fridh A (2002) Technology transfer in United States universities. J Evol Econ 12(1): 199-232.
42. Carlsson B, Acs ZJ, Audretsch DB, Braunerhhjem P (2009) Knowledge creation, entrepreneurship and economic growth: a historical review. Ind Corp Change 18(6): 1193-1229.
43. Carree MA, Thurik AR (2010) The impact of entrepreneurship on economic growth. In: Acs ZJ, Audretsch DB (eds) Handbook of entrepreneurship research, international handbook series on entrepreneuship, vol 5. Springer, New York, pp 557-594.
44. Carree MA, van Stel A, Thurik AR, Wennekers S (2002) Economic development and business ownership: an analysis using data of 23 OECD countries in the period 1976-1996. Small Bus Econ 19(3): 271-290.
45. Cohen WM, Levinthal DA (1989) Innovation and learning: The two faces of R&D. Econ J 99(397): 569-596.
46. Ejermo O, Kander A (2006) The Swedish paradox. CIRCLE Electronic Working Paper Series 2006/01, CIRCLE, Lund.
47. Erken H, Donselaar P, Thurik AR (2009) Total factor productivity and the role of entrepreneurship. Tinbergen Institute discussion papers TI09-034/3, Rotterdam, Netherlands.
48. Furman JL, Porter ME, Stern S (2002) The determinants of national innovative capacity. Res Policy 31(6): 899-933.
49. Glaeser EL, Kallal HD, Scheinkman JA, Shleifer A (1992) Growth in cities. J Polit Econ 100(6): 1126-1152.
50. Griliches Z (1998) R&D and productivity: The econometric evidence. University of Chicago Press, Chicago.
51. Griliches Z (2000) R&D, education, and productivity. A retrospective. Harvard University Press, Cambridge.
52. Hauser J, Zettelmeyer F (1997) Metrics to evaluate R, D & E. Res Technol Manag 40(4): 32-38.
53. Hausman JA (1978) Specification tests in econometrics. Econometrica 46(6): 1251-1271.
54. Henderson R (1993) Underinvestment and incompetence as responses to radical innovation: evidence from the photolithographic alignment equipment industry. Rand J Econ 24(2): 248-271.
55. Hobday M (1998) Product complexity, innovation and industrial organization. Res Policy 26(6): 689-710.
56. Hoelzl W (2009) Is the R&D behaviour of fast-growing SMEs different? Evidence from CIS III data for 16 countries. Small Bus Econ 33(1): 59-75.
57. Jaffe AB, Trajtenberg M, Henderson R (1993) Geographic localization of knowledge spillovers as evidenced by patent citations. Q J Econ 108(3): 577-598.
58. Jaffe AB, Trajtenberg M, Fogarty MS (2000) Knowledge spillovers and patent citations: evidence from a survey of inventors. Am Econ Rev 90(2): 215-218.
59. Jovanovic B (1982) Selection and the evolution of industry. Econometrica 50(3): 649-670.
60. Keller W (2002) Geographic localization of international technology diffusion. Am Econ Rev 92(1): 120-142.
61. Kihlstrom RE, Laffont JJ (1979) A general equilibrium entrepreneurial theory of firm formation based on risk aversion. J Polit Econ 1(4): 719-748.
62. Kleinknecht A, van Montfort K, Brouwer E (2002) The non-rival choice between innovation indicators. Econ Innov New Technol 11(2): 109-121.
63. Koellinger P (2008) Why are some entrepreneurs more innovative than others? Small Bus Econ 31(1): 21-37.
64. Kortum SS, Lerner J (2000) Assessing the contribution of venture capital to innovation. RAND J Econ 31(4): 674-692.
65. Lucas RE (1988) On the mechanics of economic development. J Monet Econ 22(1): 3-42.
66. Lucas RE (1993) Making a miracle. Econometrica 61(2): 251-272.
67. Mairesse J, Mohnen P (2002) Accounting for innovation and measuring innovativeness: an illustrative framework and an application. Am Econ Rev 92(2): 226-231.
68. Mairesse J, Mohnen P (2005) The importance of R&D for innovation: a reassessment using French survey data. J Technol Transf 30(1-2): 193-197.
69. Malerba F (2006) Innovation and the evolution of industries. J Evol Econ 16(1-2): 3-23.
70. Malerba F, Orsenigo F (1995) Schumpeterian patterns of innovation. Camb J Econ 19(1): 47-65.
71. Mansfield E (1965) Rates of return from industrial research and development. Am Econ Rev 55(1/2): 310-322.
72. McClelland DC (1961) The achieving society. van Nostrandt, Princeton.
73. Naudé W (2011) Entrepreneurship and economic development. Palgrave McMillan, Houndmills, Basingstoke.
74. Ortega-Argilés R, Vivarelli M, Voigt P (2009) R&D in SMEs: a paradox? Small Bus Econ 33(1): 3-11.
75. Park G, Park Y (2006) On the measurement of patent stock as knowledge indicators. Technol Forecast Soc Change 73(7): 793-812.
76. Parker S (2009) The economics of entrepreneurship. Cambridge University Press, Cambridge.
77. Reynolds PD, Bosma N, Autio E, Hunt S, De Bono N, Servais I, Lopez-Garcia P, Chin N (2005) Global entrepreneurship monitor: data collection design and implementation 1998-2003. Small Bus Econ 24(3): 205-231.
78. Romer PM (1986) Increasing returns and long-run growth. J Polit Econ 94(5): 1002-1037.
79. Romer PM (1990) Endogenous technical change. J Polit Econ 98(5): S71-S102.
80. Schere JC (1982) Tolerance of ambiguity as a discriminating variable between entrepreneurs and managers. In: Academy of management proceedings, pp 404-408.
81. Scherer FM, Harhoff D, Kukies J (2000) Uncertainty and the size distribution of rewards from innovation. J Evol Econ 10(1-2): 175-200.
82. Schewe G (1996) Imitation as a strategic option for external acquisition of technology. J Eng Technol Manag 13(1): 55-82.
83. Schumpeter JA (1934) The theory of economic development. Harvard University Press, Cambridge.
84. Shane S (2009) Why encouraging more people to become entrepreneurs is a bad public policy. Small Bus Econ 33(2): 141-149.
85. Shane S, Venkataraman S (2000) The promise of entrepreneurship as a field of research. Acad Manag Rev 25(1): 217-226.
86. Timmons JA (1976) Characteristics and role demands of entrepreneurship. Am J Small Bus 3(1): 5-17.
87. van Praag CM, Versloot PH (2007) What is the value of entrepreneurship? A review of recent research. Small Bus Econ 29(4): 351-382.
88. van Stel A (2005) COMPENDIA: harmonizing business ownership data across countries and over time. Int Entrep Manag J 1(1): 105-123.
89. Vandenbussche J, Aghion P, Meghir C (2006) Growth, distance to frontier and composition of human capital. J Econ Growth 11(2): 97-127.
90. Varga A (2000) Local academic knowledge spillovers and the concentration of economic activity. J Reg Sci 40(2): 289-309.
91. Werker C, Athreye S (2004) Marshall's disciples: knowledge and innovation driving regional economic development and growth. J Evol Econ 14(5): 505-523.
92. Wiggins S (1995) Entrepreneurial enterprises, endogenous ownership, and the limits to firm size. Econ Inq 33(1): 54-69.
93. Wooldridge JM (2002) Econometric analysis of cross section and panel data. The MIT Press, Cambridge.