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explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to …-based entrepreneurship, we outline FDI and entrepreneurship policies for Wales and Ireland and key measures of knowledge creation, and …
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The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with more knowledge conditional on the commercialization efficiency of incumbents, which limits entrepreneurial discovery. We extend the theory to contend that localized competition...
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