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Knowledge Spillover Theory of Entrepreneurship
This paper bridges the gap between the entrepreneurship and economic literature on opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created endogenously via R&D results in knowledge spillovers. Results show that there is a strong relationship between knowledge spillovers and new venture creation.
Link
ftp://papers.mpiew-jena.mpg.de/egp/discussionpapers/2005-27.pdf