nach oben

Small Business Economics

25.10.2023 | Research article

Revisiting the knowledge spillover paradox: the impact of infrastructure

verfasst von: Ronja Kirschning, Matthias Mrożewski

Erschienen in: Small Business Economics

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Knowledge is regarded as a key driver of entrepreneurial activity and economic performance. Nevertheless, empirical evidence suggests that the extent to which knowledge spills over and translates into entrepreneurial activity differs tremendously across different regions. These inconsistent results expose the knowledge spillover mechanism as a concept that is not well understood. This paper is one of the few studies to propose an explanation for the seemingly inconclusive results that we find in the literature by considering the role of infrastructure in knowledge spillovers. Using a dataset of 67 countries, we examine the impact of different types of physical and digital infrastructure on the knowledge spillover mechanism. Our empirical results reveal that the extent to which knowledge translates into entrepreneurial activity largely depends upon the development of specific types of digital and physical infrastructure. This paper provides valuable insights into the knowledge spillover mechanism by identifying certain factors that influence the extent to which knowledge translates into entrepreneurial activity. Furthermore, it has important policy implications for countries to promote entrepreneurial activity and economic performance by developing certain types of physical and digital infrastructure.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nur mit Berechtigung zugänglich

We use the natural logarithm of expenditures on R&D, expressed as a percent of GDP.

We use the natural logarithm of fixed broadband internet and mobile telephone subscriptions.

Empirical results can be found in Table 4.

Abiad, A., Furceri, D., Topalova, P., & Scotland, A. (2014). IMF survey: The time is right for an infrastructure push. International Monetary Fund: World Economic Outlook.

Acs, Z. J., Braunerhjelm, P., Audretsch, D. B., & Carlsson, B. (2009). The knowledge spillover theory of entrepreneurship. Small Business Economics, 32(1), 15–30. https://doi.org/10.1007/s11187-008-9157-3CrossRef

Acs, Z. J., Audretsch, D. B., Braunerhjelm, P., & Carlsson, B. (2012). Growth and entrepreneurship. Small Business Economics, 39(2), 289–300. https://doi.org/10.1007/s11187-010-9307-2CrossRef

Acs, Z. J., Audretsch, D. B., & Lehmann, E. E. (2013). The knowledge spillover theory of entrepreneurship. Small Business Economics, 41(4), 757–774. https://doi.org/10.1007/s11187-013-9505-9CrossRef

Acs, Z. J., Audretsch, D. B., Braunerhjelm, P., & Carlsson, B. (2004). The missing link: The knowledge filter and endogenous growth (discussion paper). Center for Business and Policy Studies. Stockholm

Anokhin, S., & Wincent, J. (2012). Start-up rates and innovation: A cross-country examination. Journal of International Business Studies, 43(1), 41–60. https://doi.org/10.1057/jibs.2011.47CrossRef

Audretsch, D. B. (2007). Entrepreneurship capital and economic growth. Oxford Review of Economic Policy, 23(1), 63–78. https://doi.org/10.1093/oxrep/grm001CrossRef

Audretsch, D. B., & Belitski, M. (2013). The missing pillar: The creativity theory of knowledge spillover entrepreneurship. Small Business Economics, 41(4), 819–836. https://doi.org/10.1007/s11187-013-9508-6CrossRef

Audretsch, D. B., & Belitski, M. (2017). Entrepreneurial ecosystems in cities: Establishing the framework conditions. The Journal of Technology Transfer, 42(5), 1030–1051. https://doi.org/10.1007/s10961-016-9473-8CrossRef

Audretsch, D. B., & Belitski, M. (2020). The role of R&D and knowledge spillovers in innovation and productivity. European Economic Review, 123, 103391. https://doi.org/10.1016/j.euroecorev.2020.103391CrossRef

Audretsch, D. B., & Keilbach, M. (2008). Resolving the knowledge paradox: Knowledge-spillover entrepreneurship and economic growth. Research Policy, 37(10), 1697–1705. https://doi.org/10.1016/j.respol.2008.08.008CrossRef

Audretsch, D. B., & Lehmann, E. E. (2005). Does the knowledge spillover theory of entrepreneurship hold for regions? Research Policy, 34(8), 1191–1202. https://doi.org/10.1016/j.respol.2005.03.012CrossRef

Audretsch, D. B., & Vivarelli, M. (1996). Firms size and R&D spillovers: Evidence from Italy. Small Business Economics, 8(3), 249–258. https://doi.org/10.1007/BF00388651CrossRef

Audretsch, D. B., Bönte, W., & Keilbach, M. (2008). Entrepreneurship capital and its impact on knowledge diffusion and economic performance. Journal of Business Venturing, 23(6), 687–698. https://doi.org/10.1016/j.jbusvent.2008.01.006CrossRef

Audretsch, D. B., Heger, D., & Veith, T. (2015). Infrastructure and entrepreneurship. Small Business Economics, 44(2), 219–230. https://doi.org/10.1007/s11187-014-9600-6CrossRef

Audretsch, D. B., Belitski, M., & Korosteleva, J. (2021a). Cultural diversity and knowledge in explaining entrepreneurship in European cities. Small Business Economics, 56(2), 593–611. https://doi.org/10.1007/s11187-019-00191-4CrossRef

Audretsch, D. B., Lehmann, E. E., & Seitz, N. (2021b). Amenities, subcultures, and entrepreneurship. Small Business Economics, 56, 571–591.CrossRef

Audretsch, D. B., & Belitski, M. (2023). Geography of knowledge collaboration and innovation in Schumpeterian firms. Regional Studies, 1–20. https://doi.org/10.1080/00343404.2023.2222137

Audretsch, D. B. (1995). Innovation and industry evolution. MIT press

Autio, E., Nambisan, S., Thomas, L. D., & Wright, M. (2018). Digital affordances, spatial affordances, and the genesis of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12(1), 72–95.CrossRef

Belitski, M., & Desai, S. (2016). What drives ICT clustering in European cities? The Journal of Technology Transfer, 41(3), 430–450. https://doi.org/10.1007/s10961-015-9422-yCrossRef

Belitski, M., Korosteleva, J., & Piscitello, L. (2023). Digital affordances and entrepreneurial dynamics: New evidence from European regions. Technovation, 119, 102442.CrossRef

Bennett, D. L. (2019). Infrastructure investments and entrepreneurial dynamism in the US. Journal of Business Venturing, 34(5), 105907. https://doi.org/10.1016/j.jbusvent.2018.10.005CrossRef

Block, J., Sandner, P., & Spiegel, F. (2015). How do risk attitudes differ within the group of entrepreneurs? The role of motivation and procedural utility. Journal of Small Business Management, 53(1), 183–206. https://doi.org/10.1111/jsbm.12060CrossRef

Boudreaux, C. J., & Nikolaev, B. (2019). Capital is not enough: Opportunity entrepreneurship and formal institutions. Small Business Economics, 53, 709–738.CrossRef

Bouncken, R. B., Aslam, M. M., Gantert, T. M., & Kallmuenzer, A. (2023). New work design for knowledge creation and sustainability: An empirical study of coworking-spaces. Journal of Business Research, 154, 113337.CrossRef

Brucks, M. S., & Levav, J. (2022). Virtual communication curbs creative idea generation. Nature, 605(7908), 108–112. https://doi.org/10.1038/s41586-022-04643-yCrossRef

Bruhn, M., Demirguc-Kunt, A., & Singer, D. (2023). Competition and firm recovery post-COVID-19. Small Business Economics, 1–32. https://doi.org/10.1007/s11187-023-00750-w

Caiazza, R., Belitski, M., & Audretsch, D. B. (2020). From latent to emergent entrepreneurship: The knowledge spillover construction circle. The Journal of Technology Transfer, 45, 694–704. https://doi.org/10.1007/s10961-019-09719-yCrossRef

Chandra, A., & Thompson, E. (2000). Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system. Regional Science and Urban Economics, 30(4), 457–490. https://doi.org/10.1016/S0166-0462(00)00040-5CrossRef

Chowdhury, F., Audretsch, D. B., & Belitski, M. (2019). Institutions and entrepreneurship quality. Entrepreneurship Theory and Practice, 43(1), 51–81. https://doi.org/10.1177/1042258718780431CrossRef

Davidsson, P. (2015). Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization. Journal of Business Venturing, 30(5), 674–695. https://doi.org/10.1016/j.jbusvent.2015.01.002CrossRef

De Clercq, D., Hessels, J., & Van Stel, A. (2008). Knowledge spillovers and new ventures’ export orientation. Small Business Economics, 31(3), 283–303. https://doi.org/10.1007/s11187-008-9132-zCrossRef

Driven, Driven. (2021). European Small businesses find a digital safety net during Covid-19. Connected Commerce: Report.

Ejermo, O., Kander, A., & Henning, M. S. (2011). The R&D-growth paradox arises in fast-growing sectors. Research Policy, 40(5), 664–672. https://doi.org/10.1016/j.respol.2011.03.004CrossRef

Enkel, E., Gassmann, O., & Chesbrough, H. (2009). Open R&D and open innovation: Exploring the phenomenon. R&D Management, 39(4), 311–316. https://doi.org/10.1111/j.1467-9310.2009.00570.xCrossRef

Feldman, M. P. (2014). The character of innovative places: Entrepreneurial strategy, economic development, and prosperity. Small Business Economics, 43, 9–20.CrossRef

Fotopoulos, G. (2022). knowledge spillovers, entrepreneurial ecosystems and the geography of high growth firms. Entrepreneurship Theory and Practice. https://doi.org/10.1177/10422587221111732CrossRef

Ghio, N., Guerini, M., Lehmann, E. E., & Rossi-Lamastra, C. (2015). The emergence of the knowledge spillover theory of entrepreneurship. Small Business Economics, 44(1), 1–18. https://doi.org/10.1007/s11187-014-9588-yCrossRef

Global Entrepreneurship Monitor (2023). Global entrepreneurship monitor data. Definitions. Retrieved from https://www.gemconsortium.org/wiki/1154. Accessed 06 Jan 2023.

González-Pernía, J. L., Jung, A., & Peña, I. (2015). Innovation-driven entrepreneurship in developing economies. Entrepreneurship & Regional Development, 27(9–10), 555–573. https://doi.org/10.1080/08985626.2015.1075602CrossRef

Goswami, K., Mitchell, J. R., & Bhagavatula, S. (2018). Accelerator expertise: Understanding the intermediary role of accelerators in the development of the Bangalore entrepreneurial ecosystem. Strategic Entrepreneurship Journal, 12(1), 117–150.CrossRef

Guerrero, M., & Urbano, D. (2014). Academics’ start-up intentions and knowledge filters: An individual perspective of the knowledge spillover theory of entrepreneurship. Small Business Economics, 43(1), 57–74. https://doi.org/10.1007/s11187-013-9526-4CrossRef

Heger, D., Veith, T., & Rinawi, M. (2011). The effect of broadband infrastructure on entrepreneurial activities: The case of Germany. ZEW-Centre for European Economic Research Discussion Paper, (11–081). Available at SSRN: https://ssrn.com/abstract=1992957 or https://doi.org/10.2139/ssrn.1992957. Accessed 01 Jan 2023.

Hovhannisyan, N., & Keller, W. (2015). International business travel: An engine of innovation? Journal of Economic Growth, 20, 75–104. https://doi.org/10.1007/s10887-014-9107-7CrossRef

Iftikhar, M. N., Justice, J. B., & Audretsch, D. B. (2022). The knowledge spillover theory of entrepreneurship: An Asian perspective. Small Business Economics, 1–26. https://doi.org/10.1007/s11187-021-00577-3

Kirschning, R., & Mrożewski, M. (2023). The role of entrepreneurial absorptive capacity for knowledge spillover entrepreneurship. Small Business Economics, 60(1), 105–120. https://doi.org/10.1007/s11187-022-00639-0CrossRef

Koellinger, P. (2008). Why are some entrepreneurs more innovative than others? Small Business Economics, 31(1), 21–37. https://doi.org/10.1007/s11187-008-9107-0CrossRef

Mrożewski, M., & Kratzer, J. (2017). Entrepreneurship and country-level innovation: Investigating the role of entrepreneurial opportunities. The Journal of Technology Transfer, 42(5), 1125–1142. https://doi.org/10.1007/s10961-016-9479-2CrossRef

Nundy, S., Ghosh, A., Mesloub, A., Albaqawy, G. A., & Alnaim, M. M. (2021). Impact of COVID-19 pandemic on socio-economic, energy-environment and transport sector globally and sustainable development goal (SDG). Journal of Cleaner Production, 312, 127705.CrossRef

Qian, H. (2017). Skills and knowledge-based entrepreneurship: Evidence from US cities. Regional Studies, 51(10), 1469–1482. https://doi.org/10.1080/00343404.2016.1213383CrossRef

Qian, H. (2018). Knowledge-based regional economic development: A synthetic review of knowledge spillovers, entrepreneurship, and entrepreneurial ecosystems. Economic Development Quarterly, 32(2), 163–176. https://doi.org/10.1177/0891242418760981CrossRef

Qian, H., & Acs, Z. J. (2013). An absorptive capacity theory of knowledge spillover entrepreneurship. Small Business Economics, 40(2), 185–197. https://doi.org/10.1007/s11187-011-9368-xCrossRef

Schwab, K., & Sala-i-Martín, X. (2015). The global competitiveness report 2014–2015: Full data edition. World Economic Forum. Available at: https://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2014-15.pdf. Accessed 04 Jan 2023.

Stam, E. (2014). The Dutch entrepreneurial ecosystem. Available at SSRN 2473475. https://ssrn.com/abstract=2473475 or https://doi.org/10.2139/ssrn.2473475. Accessed 27 Dec 2022.

Thompson, T. A., Purdy, J. M., & Ventresca, M. J. (2018). How entrepreneurial ecosystems take form: Evidence from social impact initiatives in Seattle. Strategic Entrepreneurship Journal, 12(1), 96–116.CrossRef

Tsvetkova, A., & Partridge, M. (2021). Knowledge-based service economy and firm entry: An alternative to the knowledge spillover theory of entrepreneurship. Small Business Economics, 56(2), 637–657. https://doi.org/10.1007/s11187-019-00193-2CrossRef

UNESCO Institute for Statistics. (2023). UIS Statistics. https://data.uis.unesco.org/#. Accessed 01 May 2023.

Valliere, D., & Peterson, R. (2009). Entrepreneurship and economic growth: Evidence from emerging and developed countries. Entrepreneurship & Regional Development, 21(5–6), 459–480. https://doi.org/10.1080/08985620802332723CrossRef

Von Briel, F., Davidsson, P., & Recker, J. (2018). Digital technologies as external enablers of new venture creation in the IT hardware sector. Entrepreneurship Theory and Practice, 42(1), 47–69. https://doi.org/10.1177/104225871773277CrossRef

Welter, F., Baker, T., Audretsch, D. B., & Gartner, W. B. (2017). Everyday entrepreneurship—A call for entrepreneurship research to embrace entrepreneurial diversity. Entrepreneurship Theory and Practice, 41(3), 311–321. https://doi.org/10.1111/etap.12258CrossRef

Welter, F., Baker, T., & Wirsching, K. (2019). Three waves and counting: The rising tide of contextualization in entrepreneurship research. Small Business Economics, 52(2), 319–330. https://doi.org/10.1007/s11187-018-0094-5CrossRef

Woolley, J. L. (2014). The creation and configuration of infrastructure for entrepreneurship in emerging domains of activity. Entrepreneurship Theory and Practice, 38(4), 1042–2587. https://doi.org/10.1111/etap.12017CrossRef

World Bank. (2022). Research and development expenditure (% of GDP). Retrieved from https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS

Titel: Revisiting the knowledge spillover paradox: the impact of infrastructure
verfasst von: Ronja Kirschning
Matthias Mrożewski
Publikationsdatum: 25.10.2023
Verlag: Springer US
Erschienen in: Small Business Economics
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-023-00833-8

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Premium Partner