Heterogeneous university funding programs and regional firm innovation

Bastian Krieger

Research Policy, 2024, vol. 53, issue 5

Abstract: This paper estimates the effect of heterogeneous university funding programs within 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. 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: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:53:y:2024:i:5:s0048733324000441

DOI: 10.1016/j.respol.2024.104995

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