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The impact of local and external university knowledge on the creation of knowledge-intensive firms: evidence from the Italian case

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  • Andrea Bonaccorsi

    ()

  • Massimo Colombo

    ()

  • Massimiliano Guerini

    ()

  • Cristina Rossi-Lamastra

    ()

Abstract

This paper investigates how far in space university knowledge goes to breed the creation of knowledge-intensive firms (KIFs), depending on the nature (either codified or tacit) and quality of this knowledge. We consider the impact of knowledge codified in academic patents and scientific publications and tacit knowledge embodied in university graduates on KIF creation in Italian provinces in 2010, while distinguishing between local university knowledge created by universities located in the same province and external university knowledge created by universities located outside the province. Our econometric estimates indicate that the positive effects of scientific publications and university graduates are confined within the boundaries of the province in which universities are located. Conversely, the creation of new KIFs in a focal province is positively affected by both local and external university knowledge codified in academic patents, even though the positive effect of this external knowledge rapidly diminishes with geographic distance. Furthermore, the above effects are confined to high-quality universities; low-quality universities have little effect on KIF creation. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2014. "The impact of local and external university knowledge on the creation of knowledge-intensive firms: evidence from the Italian case," Small Business Economics, Springer, vol. 43(2), pages 261-287, August.
  • Handle: RePEc:kap:sbusec:v:43:y:2014:i:2:p:261-287
    DOI: 10.1007/s11187-013-9536-2
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    Cited by:

    1. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2015. "Bridging the University Funding Gap: Determinants and Consequences of University Seed Funds and Proof-of-Concept Programs in Europe," EIF Working Paper Series 2015/27, European Investment Fund (EIF).
    2. David B. Audretsch & Erik E. Lehmann, 2016. "Industrial policy in Italy and Germany: yet another look," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 291-304, September.
    3. David B. Audretsch & Erik E. Lehmann & Matthias Menter, 2016. "Public cluster policy and new venture creation," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 357-381, December.
    4. 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.
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    6. Stefano Bianchini & Patrick Llerena, 2016. "Science policy as a prerequisite of industrial policy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 273-280, September.
    7. T. Aldridge & David Audretsch & Sameeksha Desai & Venkata Nadella, 2014. "Scientist entrepreneurship across scientific fields," The Journal of Technology Transfer, Springer, vol. 39(6), pages 819-835, December.
    8. 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.
    9. Maria Abreu & Pelin Demirel & Vadim Grinevich & Mine Karataş-Özkan, 2016. "Entrepreneurial practices in research-intensive and teaching-led universities," Small Business Economics, Springer, vol. 47(3), pages 695-717, October.
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    12. Alessandra Colombelli, 2016. "The impact of local knowledge bases on the creation of innovative start-ups in Italy," Small Business Economics, Springer, vol. 47(2), pages 383-396, August.

    More about this item

    Keywords

    Local university knowledge; External university knowledge; Codified knowledge; Tacit knowledge; Creation of knowledge-intensive firms; University quality; I23; M13; O33; O18;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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