Innovation-driven entrepreneurship in developing economies

The knowledge spillover theory of entrepreneurship (KSTE) has recently emerged as an influential research stream that examines the origin, development and economic impact of innovation-driven entrepreneurship. While empirical evidence has shown that the main premise of the KSTE generally holds in mo...

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Bibliographic Details
Published in:Entrepreneurship and regional development 2015-10, Vol.27 (9-10), p.555-573
Main Authors: González-Pernía, José L., Jung, Andrés, Peña, Iñaki
Format: Article
Language:English
Subjects:
Developing countries
developing economies
Economic development
Economic impact
Entrepreneurship
innovation
Innovations
Knowledge sharing
knowledge spillover theory
LDCs
start-ups
Studies
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Summary:The knowledge spillover theory of entrepreneurship (KSTE) has recently emerged as an influential research stream that examines the origin, development and economic impact of innovation-driven entrepreneurship. While empirical evidence has shown that the main premise of the KSTE generally holds in most advanced economies, the purpose of the present study is to investigate the extent to which the ideas advocated by the KSTE are generalizable to different contexts in developing countries. On applying a logistic multilevel analysis to a sample of almost 250,000 individuals across 45 developing countries, the results show that the different context found in developing economies produces a limited connection between knowledge spillovers, innovation and entrepreneurship in comparison with the conventional linkage studied in the KSTE literature.
ISSN:0898-5626
1464-5114
DOI:10.1080/08985626.2015.1075602