New growth theory addresses the important role of knowledge in regional economic growth. However, knowledge is not always commercially exploited. The obstacles preventing knowledge commercialization are known as the knowledge filter. The literature has identified entrepreneurship as a mechanism of overcoming the knowledge filter. This article further argues that absorptive capacity is another effective factor that can solve the knowledge filter puzzle. To test this hypothesis, we introduce a new approach to measuring regional absorptive capacity and, via exploratory factor analysis, identifies two types of absorptive capacity: cognitive capacity and technical capacity. Multivariate analysis finds a significant moderating role of cognitive capacity (and to a lesser extent technical capacity) in the impact of knowledge on regional economic performance and therefore supports absorptive capacity as an effective mechanism for the penetration of the knowledge filter. The empirical results also provide additional evidence on the role of entrepreneurship in commercializing new knowledge and penetrating the knowledge filter.
Small Business Economics – Springer Journals
Published: Jun 27, 2016
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera