Universities and Firm Performance: Evidence from Germany

Meier Philipp ()
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Meier Philipp: VWL II – Chair of International Economics, 26523 University of Bayreuth , 95440 Bayreuth, Germany

German Economic Review, 2024, vol. 25, issue 2, 61-100

Abstract: This paper analyses the impact of universities on firm performance based on the universe of firms in Germany from 2013 to 2017. From a regional perspective, firms have 0.92 % more revenues per employee in counties with a university than in a county without a university. To address potential endogeneity concerns, I focus on a subsample of universities, founded for political reasons. Analysing different types of German universities indicates that the high-skilled regional labour supply is important for the positive impact of universities, while proximity to the knowledge spillovers of research-intensive universities is associated with weaker firm performance. The latter finding is at least partially explained by the networks of multinational firms.

Keywords: German universities; regional differences; tertiary education; human capital; university-industry interaction; knowledge spillovers (search for similar items in EconPapers)
JEL-codes: F23 I23 I25 R12 R53 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/ger-2024-0043

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