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University graduates, knowledge spill-overs and localization of knowledge intensive ventures - case of post-socialistic country

Author

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  • Michal Hrivnák

    (Slovak University of Agriculture, Slovakia)

  • Katarína Melichová

    (Slovak University of Agriculture, Slovakia)

  • Mária Fáziková

    (Slovak University of Agriculture, Slovakia)

  • Oľga Roháčiková

    (Slovak University of Agriculture, Slovakia)

Abstract

This paper investigates how universities affect formation of new knowledge intensive ventures in conditions of post-socialistic country of Eastern Europe, depending on character of university spill-overs. Using tools of spatial econometry, we investigate how graduates rollout by universities and knowledge spill-overs on basis of interpersonal relationships between entrepreneurs and senior academic researchers determines emergence of knowledge intensive ventures in Slovakia, while we distinguish between total number of knowledge intensive firms (KIF), knowledge intensive manufacturing ventures (KIM), knowledge intensive business services (KIBS) and knowledge intensive services (KIS). Our estimates of spatial Durbin models indicate that even in conditions of country that lacks universities carrying out top-excellent research, university spill-overs affects formation of knowledge intensive ventures, but only in case of services, while spill-overs in form of graduate rollout are significantly localized.

Suggested Citation

  • Michal Hrivnák & Katarína Melichová & Mária Fáziková & Oľga Roháčiková, 2019. "University graduates, knowledge spill-overs and localization of knowledge intensive ventures - case of post-socialistic country," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 146-165, September.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:1:p:146-165
    DOI: 10.9770/jesi.2019.7.1(12)
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    Cited by:

    1. Inna Gryshova & Nataliia Demchuk & Iryna Koshkalda & Nataliia Stebliuk & Nataliia Volosova, 2019. "Strategic Imperatives of Managing the Sustainable Innovative Development of the Market of Educational Services in the Higher Education System," Sustainability, MDPI, vol. 11(24), pages 1-16, December.
    2. Jurgita Raudeliūnienė & Manuela Tvaronavičienė & Milda Blažytė, 2020. "Knowledge Management Practice in General Education Schools as a Tool for Sustainable Development," Sustainability, MDPI, vol. 12(10), pages 1-11, May.

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    More about this item

    Keywords

    university; graduates; knowledge spill-overs; knowledge intensive entrepreneurship;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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