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Audretsch, D. B. and Lehmann, E. E. (2005). , Research Policy, 34, 1191–1202 Audretsch, D. , and Stephan, P. E. (1996). Company-scientist locational links: the case of biotechnology. American Economic Review, 86(3), 641–652. Audretsch, D. , and Lehmann, E. (2006). Entrepreneurship and Economic Growth. Oxford, UK: Oxford University Press. , Acs, Z. , Audretsch, D. , and Carlsson, B. (2010). The missing link: knowledge diffusion and entrepreneurship in endogenous growth. Small Business Economics, 34(2), 105–125.

Fragmentation discouraged necessary coordinated action – to develop technology and also to demand improved government support. However, Arrow’s characterization of information became increasingly re-characterized as knowledge. The main distinction between information and knowledge involves three fundamental characteristics. The first is the extent of uncertainty. Information is relatively certain and based on fact. By contrast, knowledge is inherently uncertainty. While the economic value of information is relatively certain, the economic value of knowledge is uncertain.

And Lehmann, E. E. (2013). The knowledge spillover theory of entrepreneurship, Small Business Economics, 41(4), 757–774. Acs, Z. , Audretsch, D. , and Carlsson, B. (2009). The knowledge spillover theory of entrepreneurship, Small Business Economics, 32(1), 15–30. Acs, Z. , Audretsch, D. , and Carlsson, B. (2012). Growth and entrepreneurship. Small Business Economics, 39(2), 289–300. Alvarez, S. , Barney, J. , and Young, S. L. (2010). Debates in entrepreneurship: opportunity formation and implications for the field of entrepreneurship.

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