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Entrepreneurial activity and regional competitiveness: evidence from European entrepreneurial universities

Author

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  • Maribel Guerrero

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  • David Urbano

    ()

  • Alain Fayolle

    ()

Abstract

The interesting relationship between entrepreneurial activity and regional competitiveness has been a major focus of academics, university managers, and policy makers during the past decades—in particular the role of institutions in the establishment of political, social, and economic rules-. For example, since the enactment of the US Bayh–Dole Act more than 30 years ago, many American cities and regions are increasingly viewing universities as potential engines of economic growth. In these new socioeconomic scenarios, the role of entrepreneurial universities is not only generates/transfers knowledge but also contributes/provides leadership for the creation of entrepreneurial thinking, actions, and institutions. Previous studies have shown the university’s role in economic development, but no empirical study has analyzed the entrepreneurial activity generated by university students per university at the country/regional level of analysis. The purpose of this paper is to explore the impact of the university’s entrepreneurial activity on regional competitiveness. Adopting the institutional economics and the endogenous growth approaches, a proposed conceptual framework was developed and tested with structural equation modeling using data from 102 universities located in 56 NUTS II of 12 European countries. Our results evidenced that informal factors (e.g., attitudes, role models) have a higher influence on university entrepreneurial activity than formal factors (e.g., support measures, education and training). Our results also evidenced a higher contribution of universities on regional competitiveness, in particular, when we used social measures (talent human capital) instead economic measures (GDP per capita). Copyright Springer Science+Business Media New York 2016

Suggested Citation

  • Maribel Guerrero & David Urbano & Alain Fayolle, 2016. "Entrepreneurial activity and regional competitiveness: evidence from European entrepreneurial universities," The Journal of Technology Transfer, Springer, vol. 41(1), pages 105-131, February.
  • Handle: RePEc:kap:jtecht:v:41:y:2016:i:1:p:105-131
    DOI: 10.1007/s10961-014-9377-4
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    Cited by:

    1. repec:kap:jtecht:v:43:y:2018:i:3:d:10.1007_s10961-017-9626-4 is not listed on IDEAS
    2. repec:eee:tefoso:v:123:y:2017:i:c:p:271-282 is not listed on IDEAS
    3. repec:eee:respol:v:48:y:2019:i:3:p:601-615 is not listed on IDEAS
    4. Maribel Guerrero & David Urbano & Alain Fayolle & Magnus Klofsten & Sarfraz Mian, 2016. "Entrepreneurial universities: emerging models in the new social and economic landscape," Small Business Economics, Springer, vol. 47(3), pages 551-563, October.
    5. repec:kap:jtecht:v:44:y:2019:i:1:d:10.1007_s10961-017-9619-3 is not listed on IDEAS
    6. repec:kap:jtecht:v:43:y:2018:i:5:d:10.1007_s10961-017-9590-z is not listed on IDEAS

    More about this item

    Keywords

    Entrepreneurial activity; Institutional economics; Endogenous economic growth; Regional competitiveness; Entrepreneurial universities; Europe; M13 (New Firms; Startups); L26 (Entrepreneurship); I23 (Higher Education Research Institutions); I28 (Education Government Policy);

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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