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The Contribution of Universities to Growth: Empirical Evidence for Italy

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  • M. Carree
  • A. Della Malva
  • E. Santarelli

Abstract

New entrepreneurial ventures may represent a viable and effective mechanism to transform academic knowledge into regional economic growth. We test this notion for the Italian provinces between 2001 and 2006. We evaluate three outputs of academic activities: teaching, research and Intellectual Property Rights (IPR) activities management. New ventures may be able to transform the mentioned outputs into improved economic performance. The findings show that the effects of academic outputs on provincial economic growth (all sectors) are appreciable when they are associated with sustained entrepreneurial activities in the province. It suggests that academic inquiry may provide new ventures with valuable commercial opportunities overseen by established companies.

Suggested Citation

  • M. Carree & A. Della Malva & E. Santarelli, 2011. "The Contribution of Universities to Growth: Empirical Evidence for Italy," Working Papers wp793, Dipartimento Scienze Economiche, Universita' di Bologna.
  • Handle: RePEc:bol:bodewp:wp793
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    Cited by:

    1. David Audretsch & Erik Lehmann & Stefano Paleari, 2015. "Academic policy and entrepreneurship: a European perspective," The Journal of Technology Transfer, Springer, vol. 40(3), pages 363-368, June.
    2. Tommaso Agasisti & Cristian Barra & Roberto Zotti, 2017. "Research, knowledge transfer and innovation: the effect of Italian universities’ efficiency on the local economic development 2006-2012," Working papers 60, Società Italiana di Economia Pubblica.
    3. Haifeng Qian & Hyejin Jung, 2017. "Solving the knowledge filter puzzle: absorptive capacity, entrepreneurship and regional development," Small Business Economics, Springer, vol. 48(1), pages 99-114, January.
    4. 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.
    5. Kyriakos Drivas & Athanasios T. Balafoutis & Stelios Rozakis, 2014. "Research Funding and Academic Output: The Case of Agricultural University of Athens," Working Papers 2014-5, Agricultural University of Athens, Department Of Agricultural Economics.
    6. David Audretsch & Erik Lehmann & Mike Wright, 2014. "Technology transfer in a global economy," The Journal of Technology Transfer, Springer, vol. 39(3), pages 301-312, June.
    7. repec:kap:sbusec:v:49:y:2017:i:3:d:10.1007_s11187-017-9851-0 is not listed on IDEAS
    8. repec:fan:macoma:v:html10.3280/maco2018-001004 is not listed on IDEAS
    9. Paola Cardamone & Valeria Pupo & Fernanda Ricotta, 2012. "University And Firm Performance In The Italian Manufacturing Sector," Working Papers 201207, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    10. Paola Cardamone & Valeria Pupo & Fernanda Ricotta, 2016. "Do Firms Benefit from University Research? Evidence from Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(3), pages 445-471, November.
    11. Donato Iacobucci & Alessandra Micozzi, 2015. "How to evaluate the impact of academic spin-offs on local development: an empirical analysis of the Italian case," The Journal of Technology Transfer, Springer, vol. 40(3), pages 434-452, June.
    12. H. T. Tran & E. Santarelli, 2013. "Revisiting Italian Emigration Before the Great War: A Test of the Standard Economic Model," Working Papers wp909, Dipartimento Scienze Economiche, Universita' di Bologna.
    13. Roberta Piergiovanni & Enrico Santarelli, 2013. "The more you spend, the more you get? The effects of R&D and capital expenditures on the patenting activities of biotechnology firms," Scientometrics, Springer;Akadémiai Kiadó, vol. 94(2), pages 497-521, February.
    14. repec:krk:eberjl:v:4:y:2016:i:1:p:43-59 is not listed on IDEAS
    15. Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2013. "University specialization and new firm creation across industries," Small Business Economics, Springer, vol. 41(4), pages 837-863, December.
    16. 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.

    More about this item

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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