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The Creation of High-Tech Entrepreneurial Ventures at the Local Level: The Role of Local Competences and Communication Infrastructures

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  • Evila Piva
  • Luca Grilli
  • Cristina Rossi-Lamastra
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    Abstract

    This paper sheds light on the role of human capital for the creation of New Technology-Based Firms (NTBFs) in a geographical area. We relate NTBF creation to the local availability of human capital ( local competences ) and to the local accessibility of distant competences through communication infrastructures . We argue that local competences and communication infrastructures have a differential impact on NTBF creation in manufacturing and service industries due to the diverse productive characteristics of the sectors. In particular, we claim that local competences have a more positive effect on manufacturing, whereas communication infrastructures affect services more. Findings from the estimations of econometric models on the Italian provinces are in line with these predictions. The moderating effects of local economic and technological development on the inquired relationships are also considered. Whereas economic development seems to weaken the effect of local competences in manufacturing and reinforce that of communication infrastructures in services, technological development has no moderating effects.

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    File URL: http://hdl.handle.net/10.1080/13662716.2011.591969
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Industry and Innovation.

    Volume (Year): 18 (2011)
    Issue (Month): 6 (August)
    Pages: 563-580

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    Handle: RePEc:taf:indinn:v:18:y:2011:i:6:p:563-580

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    Cited by:
    1. 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.
    2. Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2013. "University specialization and new firm creation across industries," Small Business Economics, Springer, vol. 41(4), pages 837-863, December.
    3. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.

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