Regional Public Research, Higher Education, and Innovative Start-ups - An Empirical Investigation
AbstractBased 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.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2013-026.
Date of creation: 24 Jun 2013
Date of revision:
New business formation; innovative start-ups; universities; regional knowledge;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- L80 - Industrial Organization - - Industry Studies: Services - - - General
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-30 (All new papers)
- NEP-CSE-2013-06-30 (Economics of Strategic Management)
- NEP-EDU-2013-06-30 (Education)
- NEP-ENT-2013-06-30 (Entrepreneurship)
- NEP-GEO-2013-06-30 (Economic Geography)
- NEP-INO-2013-06-30 (Innovation)
- NEP-SBM-2013-06-30 (Small Business Management)
- NEP-URE-2013-06-30 (Urban & Real Estate Economics)
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