The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

33 Pages Posted: 22 Oct 2007 Last revised: 14 May 2014

See all articles by Zoltan J. Acs

Zoltan J. Acs

Schar School of Policy and Government

David J. Brooksbank

University of Glamorgan

Colm O'Gorman

University College Dublin (UCD)

David Pickernell

University of Glamorgan

Siri A. Terjesen

Norwegian School of Economics (NHH); American University

Date Written: September 12, 2007

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 Classification: J24, L26, M13, 03

Suggested Citation

Acs, Zoltan J. and Brooksbank, David J. and O'Gorman, Colm and 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: https://ssrn.com/abstract=1022928 or http://dx.doi.org/10.2139/ssrn.1022928

Zoltan J. Acs (Contact Author)

Schar School of Policy and Government ( email )

Founders Hall
3351 Fairfax Dr.
Arlington, VA 22201
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 )

Dublin 4, 4
Ireland

David Pickernell

University of Glamorgan ( email )

Pontypridd CF37 1DL, Wales
United Kingdom

Siri A. Terjesen

Norwegian School of Economics (NHH) ( email )

Helleveien 30
Bergen, NO-5045
Norway

American University ( email )

4400 Massachusetts Ave, NW
Washington, DC 20016
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
619
Abstract Views
2,704
rank
44,508
PlumX Metrics