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Attractors of talent: Universities, regions, and alumni entrepreneurs

Author

Listed:
  • Baltzopoulos, Apostolos

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Broström, Anders

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

Abstract

This paper investigates how universities may affect regional entrepreneurship through the localisation decisions of entrepreneurial alumni. Empirically a comprehensive, individual-level dataset from Sweden for the period 2003-2005 is employed. The results suggest that even when controlling for their spatial history, individuals have an increased propensity to set up in the region where they studied. This effect is found to substitute for both urbanisation economies and localisation economies as drivers of regional-level entrepreneurship. Thus, the present analysis provides evidence on how universities affect regional economic development that complements the strong focus on spin-off activities by university researchers in previous studies.

Suggested Citation

  • Baltzopoulos, Apostolos & Broström, Anders, 2010. "Attractors of talent: Universities, regions, and alumni entrepreneurs," Working Paper Series in Economics and Institutions of Innovation 239, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    • Handle: RePEc:hhs:cesisp:0239
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    References listed on IDEAS

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    1. Dahlstrand, Asa Lindholm, 1997. "Growth and inventiveness in technology-based spin-off firms," Research Policy, Elsevier, vol. 26(3), pages 331-344, October.
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    Cited by:

    1. Stephan Heblich & Viktor Slavtchev, 2014. "Parent universities and the location of academic startups," Small Business Economics, Springer, vol. 42(1), pages 1-15, January.
    2. Fassio, Claudio & Geuna, Aldo & Rossi, Federica, 2019. "International knowledge flows between industry inventors and universities: The role of multinational companies," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201917, University of Turin.
    3. Fassio, Claudio & Geuna, Aldo & Rossi, Federica, 2023. "‘How do firms reach out to foreign universities? Inventors’ personal characteristics and the multinational structure of firms’," Journal of World Business, Elsevier, vol. 58(3).

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    More about this item

    Keywords

    university entrepreneurship; regional impact; location choice analysis;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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