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Regional public research, higher education, and innovative start-ups: an empirical investigation

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  • Michael Fritsch

    ()

  • Ronney Aamoucke

    ()

Abstract

Based on detailed information about the regional knowledge base, particularly about universities, we find that regional public research and education have a strong positive impact on new business formation in innovative industries but not in industries classified as non-innovative. Measures for the presence and size of public academic institutions have more of an effect on the formation of innovative new businesses than indicators that reflect the quality of these institutions. We find relatively weak evidence for interregional spillovers of these effects. Our results clearly demonstrate the importance of localized knowledge and, especially, of public research for the emergence of innovative new businesses. Copyright Springer Science+Business Media New York 2013

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Bibliographic Info

Article provided by Springer in its journal Small Business Economics.

Volume (Year): 41 (2013)
Issue (Month): 4 (December)
Pages: 865-885

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Handle: RePEc:kap:sbusec:v:41:y:2013:i:4:p:865-885

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Web page: http://www.springerlink.com/link.asp?id=100338

Related research

Keywords: New business formation; Innovative start-ups; Universities; Regional knowledge; L26; L60; L80; O18; R12; R30;

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References

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Cited by:
  1. Zoltan Acs & Pontus Braunerhjelm & David Audretsch & Bo Carlsson, 2009. "The knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 32(1), pages 15-30, January.

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