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Regional public research, higher education, and innovative start-ups: an empirical investigation

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  • Michael Fritsch

    ()

  • Ronney Aamoucke

    ()

Abstract

Based on detailed information about the regional knowledge base, particularly about universities, we find that regional public research and education have a strong positive impact on new business formation in innovative industries but not in industries classified as non-innovative. Measures for the presence and size of public academic institutions have more of an effect on the formation of innovative new businesses than indicators that reflect the quality of these institutions. We find relatively weak evidence for interregional spillovers of these effects. Our results clearly demonstrate the importance of localized knowledge and, especially, of public research for the emergence of innovative new businesses. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Michael Fritsch & Ronney Aamoucke, 2013. "Regional public research, higher education, and innovative start-ups: an empirical investigation," Small Business Economics, Springer, vol. 41(4), pages 865-885, December.
  • Handle: RePEc:kap:sbusec:v:41:y:2013:i:4:p:865-885
    DOI: 10.1007/s11187-013-9510-z
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    Citations

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    Cited by:

    1. Javier Changoluisa & Michael Fritsch, 2016. "New Business Formation and Incumbents' Perception of Competitive Pressure," Jena Economic Research Papers 2016-019, Friedrich-Schiller-University Jena.
    2. Zoltán J. Ács & Pontus Braunerhjelm & David B. Audretsch & Bo Carlsson, 2015. "The knowledge spillover theory of entrepreneurship," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 7, pages 129-144 Edward Elgar Publishing.
    3. Fritsch, Michael & Changoluisa, Javier, 2017. "New business formation and the productivity of manufacturing incumbents: Effects and mechanisms," Journal of Business Venturing, Elsevier, vol. 32(3), pages 237-259.
    4. Matthias Piontek & Michael Wyrwich, 2017. "The emergence of entrepreneurial ideas at universities in times of demographic change: evidence from Germany
      [Die Entstehung von Gründungsideen und neuen Unternehmen in Zeiten demografischen Wandel
      ," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 37(1), pages 1-37, February.
    5. Beck, Mathias & Junge, Martin & Kaiser, Ulrich, 2017. "Public Funding and Corporate Innovation," IZA Discussion Papers 11196, Institute for the Study of Labor (IZA).
    6. Mattia Cattaneo & Michele Meoli & Andrea Signori, 2016. "Performance-based funding and university research productivity: the moderating effect of university legitimacy," The Journal of Technology Transfer, Springer, vol. 41(1), pages 85-104, February.
    7. Niccolò Ghio & Massimiliano Guerini & Cristina Rossi-Lamastra, 2016. "University knowledge and the creation of innovative start-ups: an analysis of the Italian case," Small Business Economics, Springer, vol. 47(2), pages 293-311, August.
    8. Félix Modrego & Philip McCann & William Foster & M. Olfert, 2015. "Regional entrepreneurship and innovation in Chile: a knowledge matching approach," Small Business Economics, Springer, vol. 44(3), pages 685-703, March.
    9. Maximilian Goethner & Michael Wyrwich, 2017. "Cross-faculty proximity and academic entrepreneurship: The role of business schools," Jena Economic Research Papers 2017-017, Friedrich-Schiller-University Jena.
    10. Wenying Fu, 2016. "Industrial clusters as hothouses for nascent entrepreneurs? The case of Tianhe Software Park in Guangzhou, China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 57(1), pages 253-270, July.
    11. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2016. "Labour as a knowledge carrier: how increased mobility influences entrepreneurship," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1308-1326, December.
    12. Blankenberg, Ann-Kathrin & Buenstorf, Guido, 2016. "Regional co-evolution of firm population, innovation and public research? Evidence from the West German laser industry," Research Policy, Elsevier, vol. 45(4), pages 857-868.
    13. repec:bla:presci:v:96:y:2017:i::p:s1-s27 is not listed on IDEAS
    14. Erik E. Lehmann & Matthias Menter, 2016. "University–industry collaboration and regional wealth," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1284-1307, December.
    15. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9508-1 is not listed on IDEAS
    16. Niccolò Ghio & Massimiliano Guerini & Erik Lehmann & Cristina Rossi-Lamastra, 2015. "The emergence of the knowledge spillover theory of entrepreneurship," Small Business Economics, Springer, vol. 44(1), pages 1-18, January.
    17. Tina Haussen & Silke Übelmesser, 2015. "No Place Like Home? Graduate Migration in Germany," CESifo Working Paper Series 5524, CESifo Group Munich.

    More about this item

    Keywords

    New business formation; Innovative start-ups; Universities; Regional knowledge; L26; L60; L80; O18; R12; R30;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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