ICC Advance Access published online on June 3, 2008
Industrial and Corporate Change, doi:10.1093/icc/dtn017
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The nature of local knowledge and new firm formation
Correspondence: Jonghoon Bae, Korea University School of Business, Seoul 136-701, South Korea. e-mail: jonghoon.bae{at}gmail.com
Correspondence: Jun Koo, College of Political Science and Economics, Korea University, Seoul 136-701, South Korea. e-mail: jkoo{at}korea.ac.kr
Knowledge spillovers in a region often co-vary with the size of knowledge created in the region, i.e. local knowledge. Local knowledge is, however, open to competition between incumbents and new entrants. Given this competition, the size of local knowledge is not always conductive to new entrants. This study examines which types of local knowledge may increase the potential for knowledge spillovers, and eventually entrepreneurial activities.