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Establishment of higher education institutions and new firm entry

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Author Info

  • Baptista, Rui
  • Lima, Francisco
  • Mendonça, Joana

Abstract

The presence of universities has generally been associated with technological entrepreneurship. But what is the real impact of new universities on the levels of firm creation in a region? The present paper uses policy evaluation methodologies and longitudinal data on the establishment of higher education institutions in Portuguese municipalities for the period 1992-2002 to examine its effect on entry rates of new firms in different sectors. We find that the establishment of a new university has a positive and significant effect on subsequent levels of knowledge based firm entry in municipalities, and a negative effect on the levels of entry in other sectors, such as low-tech manufacturing.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 40 (2011)
Issue (Month): 5 (June)
Pages: 751-760

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Handle: RePEc:eee:respol:v:40:y:2011:i:5:p:751-760

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Universities Entry rates Regional development Policy evaluation Propensity scores;

References

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Citations

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Cited by:
  1. Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press, vol. 22(6), pages 1453-1495, December.
  2. Michael Fritsch & Ronney Aamoucke, 2013. "Regional public research, higher education, and innovative start-ups: an empirical investigation," Small Business Economics, Springer, vol. 41(4), pages 865-885, December.
  3. Hyytinen, Ari & Maliranta, Mika, 2013. "Firm lifecycles and evolution of industry productivity," Research Policy, Elsevier, vol. 42(5), pages 1080-1098.
  4. Michael Fritsch & Ronney Aamoucke, 2014. "Fields of Knowledge, Types of Higher Education Institutions, and Innovative Start-Ups - An Empirical Investigation," Jena Economic Research Papers 2014-013, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.

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