Incentivizing knowledge institutions for entrepreneurship and society

Purpose Going beyond the traditional approach of formal and informal institutions as antecedents entrepreneurship (directly) development (indirectly), this paper seeks to explore knowledge a necessary input for societies. Design/methodology/approach Institutional economics lenses are utilized observe other factors (e.g. number R&D staff researchers from public sector) that involve laws socialization processes, which at same time create useful entrepreneurs society. These ideas tested through sample 281 observations 17 autonomous communities two cities in Spain. The information coming Global Entrepreneurship Monitor (GEM), Ministry Economics, Industry, Competitiveness, INE (Instituto Nacional de Estadística), was analyzed 3SLS, is simultaneous equation strategy. Findings Knowledge such sector found positively associated with entrepreneurship, factor directly linked economic across Spanish regions. Originality/value findings help operationalization considered institutional theory its application research. Moreover, results bring new insights into spillover sector, analysis implicit.