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Small Business Economics

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01.06.2015

Entrepreneurship, innovation and regional growth: a network theory

verfasst von: Robert Huggins, Piers Thompson

Erschienen in: Small Business Economics | Ausgabe 1/2015

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Abstract

Despite the growing acknowledgement that entrepreneurship is an important driver of regional innovation and growth, the role of the networks in these processes has been less formally examined. In order to address this gap, this paper proposes that the relationship between entrepreneurship, innovation and regional growth is governed by a series of network dynamics. Drawing upon aspects of endogenous growth theory and the knowledge spillover theory of entrepreneurship, it is proposed that the nature of the networks formed by entrepreneurial firms is a key determinant of regional growth differentials. In particular, network capital, in the form of investments in strategic relations to gain access to knowledge, is considered to mediate the relationship between entrepreneurship and innovation-based regional growth. It is suggested that network dynamics should be further incorporated into theories concerning the link between knowledge spillovers, entrepreneurship and regional growth. The paper concludes with a series of theoretical, entrepreneurial and policy implications emerging from the study.

Vorheriger Artikel ADHD-like behavior and entrepreneurial intentions

Nächster Artikel Productivity growth persistence: firm strategies, size and system properties

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Titel: Entrepreneurship, innovation and regional growth: a network theory
verfasst von: Robert Huggins
Piers Thompson
Publikationsdatum: 01.06.2015
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 1/2015
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-015-9643-3

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Weitere Artikel der Ausgabe 1/2015

Entrepreneurship and the intergenerational transmission of values

Entry and exit dynamics of nascent business owners

Financial reporting quality and the cost of debt of SMEs

Productivity growth persistence: firm strategies, size and system properties

Corporate governance, credit ratings and the capital structure of Greek SME and large listed firms

The medium-term effect of R&D on firm growth

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