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University spillovers and new firm location

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  • Audretsch, David B.
  • Lehmann, Erik E.
  • Warning, Susanne

Abstract

This 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 the type of spillovers are heterogeneous. Furthermore, it turns out that spillover effects are locally bounded.
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Suggested Citation

  • Audretsch, David B. & Lehmann, Erik E. & Warning, Susanne, 2005. "University spillovers and new firm location," Research Policy, Elsevier, vol. 34(7), pages 1113-1122, September.
  • Handle: RePEc:eee:respol:v:34:y:2005:i:7:p:1113-1122
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    More about this item

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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