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Research, knowledge transfer and innovation: the effect of Italian universities’ efficiency on the local economic development 2006-2012

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  • Tommaso Agasisti

    () (Politecnico di Milano School of Management)

  • Cristian Barra

    () (Università di Salerno)

  • Roberto Zotti

    () (Università di Salerno)

Abstract

In this paper, we test whether there is a link between the performance of universities and the local economic development of the territory where they operate. The performance of academic institutions is measured through an efficiency concept, estimated by means of an innovative Stochastic Frontier Analysis (SFA), and considering indicators of teaching, research and ‘third mission’ as outputs. A system generalized method-of-moments (Sys- GMM) dynamic panel estimator, instrumented with time lags and differences is estimated over the period from 2006 to 2012 to solve the potential endogeneity of the explanatory variables. Our findings reveal that the presence of efficient universities fosters local economic development, and that knowledge spillovers occur between areas through the geographical proximity to the efficient universities.

Suggested Citation

  • 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.
  • Handle: RePEc:ipu:wpaper:60
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    Keywords

    Higher education; knowledge spillovers; local economic development; efficiency of universities;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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