Scholars examining the effect of knowledge spillovers on R&D and innovation all agree on one thing-there is a strong relationship between the firm's R&D effort and knowledge spillover. The sign of this relationship depends, however, on many things, such as the type of spillovers (horizontal,...

The purpose of this volume is to analyze the microfoundations of knowledge spillovers. The microeconomic analysis of spillovers leads to the insight that the spillover and flow of knowledge is not at all automatic. Instead, this volume suggests that a filter exists between knowledge and its...

By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of...