  Millisecond pulsars (MSPs) are generally believed to be old neutron stars
(NSs), formed via type Ib/c core-collapse supernovae (SNe), which have been
spun up to high rotation rates via accretion from a companion star in a
low-mass X-ray binary (LMXB). In an alternative formation channel, NSs are
produced via the accretion-induced collapse (AIC) of a massive white dwarf (WD)
in a close binary. Here we investigate binary evolution leading to AIC and
examine if NSs formed in this way can subsequently be recycled to form MSPs
and, if so, how they can observationally be distinguished from pulsars formed
via the standard core-collapse SN channel in terms of their masses, spins,
orbital periods and space velocities. Numerical calculations with a detailed
stellar evolution code were used for the first time to study the combined pre-
and post-AIC evolution of close binaries. We investigated the mass transfer
onto a massive WD in 240 systems with three different types of non-degenerate
donor stars: main-sequence stars, red giants, and helium stars. When the WD is
able to accrete sufficient mass (depending on the mass-transfer rate and the
duration of the accretion phase) we assumed it collapses to form a NS and we
studied the dynamical effects of this implosion on the binary orbit.
Subsequently, we followed the mass-transfer epoch which resumes once the donor
star refills its Roche lobe and calculated the continued LMXB evolution until
the end. We demonstrate that the final properties of these MSPs are, in
general, remarkably similar to those of MSPs formed via the standard
core-collapse SN channel. However, the resultant MSPs created via the AIC
channel preferentially form in certain orbital period intervals. Finally, we
discuss the link between AIC and young NSs in globular clusters. Our
calculations are also applicable to progenitor binaries of SNe Ia under certain
conditions. [Abridged]
