Journal ArticleDOI
The missing pillar: the creativity theory of knowledge spillover entrepreneurship
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In this paper, the authors discuss that knowledge spillover entrepreneurship depends not only on ordinary human capital, but also on creativity embodied in creative individuals and diverse urban environments that attract creative classes.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.read more
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Entrepreneurial ecosystems in cities: establishing the framework conditions
TL;DR: In this article, the authors focus on regional entrepreneurial ecosystems and offer a complex model of start-ups, Regional Entrepreneurship and Development Index (REDI) and six domains of the entrepreneurial ecosystem (culture, formal institutions, infrastructure and amenities, IT, Melting Pot and demand).
Journal ArticleDOI
Firm growth and innovation
TL;DR: In this paper, a meeting of leading scholars of firm growth and innovation has been organized to shed light on the link between firm's growth and its innovation sources, and the results of the workshop have been presented at the workshop on "Firm Growth and Innovation" held on 28 and 29 June 2012, in Tarragona, Spain.
Journal ArticleDOI
The emergence of the knowledge spillover theory of entrepreneurship
TL;DR: This article conducted a bibliometric analysis of scholarly research on the knowledge spillover theory of entrepreneurship (KSTE) and identified the key academic journals, the main issues and subjects addressed and the backward and forward citations.
Journal ArticleDOI
Entrepreneurship and economic development in cities
TL;DR: In this article, the authors examined the link between entrepreneurship and economic development using a panel of 127 European cities between 1994 and 2009 and found that the immediate economic development impact of new firm start-ups is positive for both small/medium-size cities and large cities.
Journal ArticleDOI
Education or Creativity: What Matters Most for Economic Performance?
Emanuela Marrocu,Raffaele Paci +1 more
TL;DR: In this article, a large consensus among social researchers on the positive role that human capital plays in economic performances is established, and the standard way to measure the human capital endowment is to consider th...
References
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ReportDOI
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
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Principles of Economics
TL;DR: In this article, the authors present a survey of the general relations of demand, supply, and value in terms of land, labour, capital, and industrial organization, with an emphasis on the fertility of land.
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Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Book
Econometric Analysis of Panel Data
TL;DR: In this article, the authors proposed a two-way error component regression model for estimating the likelihood of a particular item in a set of data points in a single-dimensional graph.
Book ChapterDOI
Economic Welfare and the Allocation of Resources for Invention
TL;DR: In this article, the determination of optimal resource allocation for invention will depend on the technological characteristics of the invention process and the nature of the market for knowledge, which is interpreted broadly as the production of knowledge.