We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial … explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to … examine how FDI and entrepreneurship policy in these two regions might have influenced the levels of knowledge …

entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature …

important mechanism is the spillover of relevant knowledge... …

globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which …

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …