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The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

Zoltan J. Acs
George Mason University - School of Public Policy

David J. Brooksbank
University of Glamorgan

Colm O'Gorman
University College Dublin (UCD)

David Pickernell
University of Glamorgan

Siri A. Terjesen
Indiana University Bloomington - Kelley School of Business; Queensland University of Technology - Brisbane Graduate School of Business


September 12, 2007

Jena Economic Research Paper No. 2007-059

Abstract:     
We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to examine how FDI and entrepreneurship policy in these two regions might have influenced the levels of knowledge-based entrepreneurship, we outline FDI and entrepreneurship policies for Wales and Ireland and 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. Implications include possible policy directions for countries that are characterized by weak knowledge-creating institutions yet wish to encourage knowledge-based entrepreneurship.

Keywords: Economic Development, Entrepreneurship, Foreign Direct Investment, Ireland, Knowledge Spillovers, Wales

JEL Classifications: J24, L26, M13, 03

Working Paper Series

Date posted: October 22, 2007 ; Last revised: November 29, 2009

Suggested Citation

Acs, Zoltan J., Brooksbank, David J., O'Gorman, Colm, Pickernell, David and Terjesen, Siri A., The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment (September 12, 2007). Jena Economic Research Paper No. 2007-059. Available at SSRN: http://ssrn.com/abstract=1022928


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Contact Information

Zoltan J. Acs (Contact Author)
George Mason University - School of Public Policy ( email )
4400 University Drive
Fairfax, VA 22030-4444
United States
703-993-1780 (Phone)
HOME PAGE: http://home.ubalt.edu/zacs

David J. Brooksbank
University of Glamorgan ( email )
Pontypridd CF37 1DL, Wales United States
Colm O'Gorman
University College Dublin (UCD) ( email )
Belfield
Dublin 4 4
Ireland
David Pickernell
University of Glamorgan ( email )
Pontypridd CF37 1DL, Wales United Kingdom
Siri A. Terjesen
Indiana University Bloomington - Kelley School of Business ( email )
1309 East Tenth Street
Bloomington, IN 47405-1701
United States
Queensland University of Technology - Brisbane Graduate School of Business ( email )
Australia
+61 7-3138-1105 (Phone)
Feedback to SSRN (Beta)


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