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Establishment of higher education institutions and new firm entry

  • Baptista, Rui
  • Lima, Francisco
  • Mendonça, Joana

The presence of universities has generally been associated with technological entrepreneurship. But what is the real impact of new universities on the levels of firm creation in a region? The present paper uses policy evaluation methodologies and longitudinal data on the establishment of higher education institutions in Portuguese municipalities for the period 1992-2002 to examine its effect on entry rates of new firms in different sectors. We find that the establishment of a new university has a positive and significant effect on subsequent levels of knowledge based firm entry in municipalities, and a negative effect on the levels of entry in other sectors, such as low-tech manufacturing.

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Article provided by Elsevier in its journal Research Policy.

Volume (Year): 40 (2011)
Issue (Month): 5 (June)
Pages: 751-760

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Handle: RePEc:eee:respol:v:40:y:2011:i:5:p:751-760
Contact details of provider: Web page: http://www.elsevier.com/locate/respol

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