The knowledge spillover theory of entrepreneurship
提出创业的知识溢出理论,认为知识内生创造导致知识溢出,使创业者能够识别和利用机会,从而为内生增长理论奠定微观基础。
Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.