Innovation and Entrepreneurship in the Global Economy

Innovation and Entrepreneurship in the Global Economy

Knowledge, Technology and Internationalization

New Horizons in Regional Science series

Edited by Charlie Karlsson, Urban Gråsjö and Sofia Wixe

Innovation and entrepreneurship are the prime drivers in the global economy. This scholarly book identifies some of the key forces behind innovation and entrepreneurship at the same time as it closes the gap between science and technology R & D, innovation, entrepreneurship, productivity growth, and internationalization. The expert contributions explore the underlying forces and add substantial theoretical and empirical knowledge to the current state-of-the-art in several research fields including the economics of innovation and entrepreneurship, regional economics, economic geography and international economics.

Chapter 6: Creativity spillover of entrepreneurship: evidence from European cities

David B. Audretsch and Maksim Belitski

Subjects: business and management, entrepreneurship, economics and finance, economics of entrepreneurship, economics of innovation, regional economics, geography, economic geography, innovation and technology, economics of innovation, urban and regional studies, regional economics


This study provides compelling evidence on the role of creativity and human in economic development in European cities. The size of the impact depends on the propensity of creative capital to spill over, a living and business environment conducive to creativity and exchange of ideas, agglomeration economies, cultural diversity and entrepreneurship. Utilizing an Urban Audit dataset on 187 cities in 15 European countries during 1999–2009, our study develops the basis of the creative spillover of entrepreneurship theory and introduces the concept of the ‘creativity filter’. It confirms that the availability of creative capital does not per se result in economic development, but entrepreneurship facilitates the spillover and commercialization of those ideas.

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