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Regional competitiveness, university spillovers, and entrepreneurial activity

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  • David Audretsch
  • Marcel Hülsbeck
  • Erik Lehmann

Abstract

This study examines the impact of regional competitiveness on the innovative activity of entrepreneurial firms. Based on a unique and hand-collected dataset of publicly listed high-technology start-ups and university regions, this paper tests how regional competitiveness and university spillovers affect the innovation behavior of entrepreneurial firms. The results provide strong evidence that regional competitiveness and university spillovers are strong complements in fostering innovation activity of entrepreneurial firms. However, the results also raise the question whether incentives for universities and their actors might lead to crowding out effects. Copyright Springer Science+Business Media, LLC. 2012

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  • David Audretsch & Marcel Hülsbeck & Erik Lehmann, 2012. "Regional competitiveness, university spillovers, and entrepreneurial activity," Small Business Economics, Springer, vol. 39(3), pages 587-601, October.
  • Handle: RePEc:kap:sbusec:v:39:y:2012:i:3:p:587-601
    DOI: 10.1007/s11187-011-9332-9
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    Keywords

    Regional competitiveness; University spillovers; Entrepreneurship; M13; L20; R30;
    All these keywords.

    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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