Regional Public Research, Higher Education, and Innovative Start-ups - An Empirical Investigation

Michael Fritsch () and Ronney Aamoucke ()
Additional contact information
Ronney Aamoucke: School of Economics and Business Administration, Friedrich-Schiller-University Jena

No 2013-026, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: New business formation; innovative start-ups; universities; regional knowledge (search for similar items in EconPapers)
JEL-codes: L26 L60 L80 O18 R12 R30 (search for similar items in EconPapers)
Date: 2013-06-24
New Economics Papers: this item is included in nep-cse, nep-edu, nep-ent, nep-geo, nep-ino, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

Downloads: (external link)
https://oweb.b67.uni-jena.de/Papers/jerp2013/wp_2013_026.pdf (application/pdf)

Related works:
Journal Article: Regional public research, higher education, and innovative start-ups: an empirical investigation (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2013-026

Access Statistics for this paper

More papers in Jena Economics Research Papers from Friedrich-Schiller-University Jena
Bibliographic data for series maintained by Markus Pasche ().