Heterogeneous regional university funding and firm innovation: An empirical analysis of the German excellence initiative

Bastian Krieger

No 23-006, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper estimates the effect of heterogeneous university funding stemming from the German Excellence Initiative on a regional firm's probability to innovate by using a multi-valued two-way fixed effects difference-in-differences model. The estimations show that funding an additional Excellence Cluster focused on internationally competitive research within a labor market region increases a regional firm's probability to innovate between 0.3 and 0.9 percentage points. This effect is driven by firms within labor market regions receiving a high number of Excellence Clusters. There is no statistically significant effect for receiving a low number of Excellence Clusters. Moreover, we find no consistent statistically significant effect of funding Graduate Schools concentrating on training scientists nor of funding University Strategies promoting the overall long-term plan of a university.

Keywords: University funding; Firm innovation; Knowledge transfer (search for similar items in EconPapers)
JEL-codes: O32 O33 O38 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-cse, nep-des, nep-eur, nep-ino, nep-knm, nep-sbm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:23006

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