University Spillovers and New Firm Location
AbstractThis paper examines the impact of locational choice as a firm strategy to access knowledge spillovers from universities. Based on a large data set of young high-technology start-ups publicly listed in Germany, this study tests the propositions that geographic proximity to the university is shaped by different spillover mechanisms -- research and human capital -- and by different types of knowledge spillover -- natural sciences and social sciences. The results suggest that spillover mechanisms as well as spillover types are heterogeneous. In particular, the evidence suggests that new knowledge and technological-based firms have a high propensity to locate close to universities, presumably in order to access knowledge spillovers. However, the exact role that geographic proximity plays is shaped by the two factors examined in this paper -- the particular knowledge context, and the specific type of spillover mechanism.
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Bibliographic InfoPaper provided by Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim in its series Working Papers of the Research Group Heterogenous Labor with number 04-13.
Length: 25 pages
Date of creation: 23 Jun 2004
Date of revision:
university spillover ; new firm location ; spillover mechanisms;
Other versions of this item:
- David B. Audretsch & Erik E. Lehmann & Susanne Warning, 2004. "University Spillovers and New Firm Location," Papers on Entrepreneurship, Growth and Public Policy 2004-02, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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