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<p>This study investigates the spatial dynamics of knowledge spillovers and their role in fostering entrepreneurship-led economic growth across 63 selected Asian and European countries over the period 2000–2020. Building on the Knowledge Spillover Theory of Entrepreneurship (KSTE), the research explores how knowledge created in one country spills over into neighboring regions, stimulating entrepreneurial activity and, in turn, promoting economic performance. Recognizing the critical role of geographical proximity in facilitating knowledge diffusion, spatial dependency diagnostics were conducted prior to model estimation. The results confirmed the existence of spatial autocorrelation, leading to the adoption of the Spatial Durbin Model (SDM) for both regional groups. The findings reveal that investments in research and development (R&amp;D) significantly and positively influence entrepreneurship not only within the originating country but also in adjacent nations. Furthermore, entrepreneurship driven by spatial knowledge spillovers is shown to enhance economic growth, with this effect being more pronounced among European countries. The study underscores the importance of regional interconnectivity in leveraging knowledge-based entrepreneurship for long-term economic performance, with broader implications for inclusive and sustainable development.</p>

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Spatial knowledge spillovers and their impact on entrepreneurship-led economic growth: evidence from Asian and European countries

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年6月15日

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  • Bita Shahbazi,
  • Vahid Nikpey Pesyan,
  • Mahdi Saeid,
  • Morteza Lotfi

摘要

This study investigates the spatial dynamics of knowledge spillovers and their role in fostering entrepreneurship-led economic growth across 63 selected Asian and European countries over the period 2000–2020. Building on the Knowledge Spillover Theory of Entrepreneurship (KSTE), the research explores how knowledge created in one country spills over into neighboring regions, stimulating entrepreneurial activity and, in turn, promoting economic performance. Recognizing the critical role of geographical proximity in facilitating knowledge diffusion, spatial dependency diagnostics were conducted prior to model estimation. The results confirmed the existence of spatial autocorrelation, leading to the adoption of the Spatial Durbin Model (SDM) for both regional groups. The findings reveal that investments in research and development (R&D) significantly and positively influence entrepreneurship not only within the originating country but also in adjacent nations. Furthermore, entrepreneurship driven by spatial knowledge spillovers is shown to enhance economic growth, with this effect being more pronounced among European countries. The study underscores the importance of regional interconnectivity in leveraging knowledge-based entrepreneurship for long-term economic performance, with broader implications for inclusive and sustainable development.