Regional public research, higher education, and innovative start-ups: an empirical investigation

Michael Fritsch () and Ronney Aamoucke ()

Small Business Economics, 2013, vol. 41, issue 4, 865-885

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. Copyright Springer Science+Business Media New York 2013

Keywords: New business formation; Innovative start-ups; Universities; Regional knowledge; L26; L60; L80; O18; R12; R30 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (43)

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Working Paper: Regional Public Research, Higher Education, and Innovative Start-ups - An Empirical Investigation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:41:y:2013:i:4:p:865-885

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DOI: 10.1007/s11187-013-9510-z

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