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University graduates, knowledge spill-overs and localization of knowledge intensive ventures - case of post-socialistic country

Michal Hrivnák (), Katarína Melichová (), Mária Fáziková () and Oľga RohÃ¡Ä iková ()
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Michal Hrivnák: Slovak University of Agriculture, Slovakia
Katarína Melichová: Slovak University of Agriculture, Slovakia
Mária Fáziková: Slovak University of Agriculture, Slovakia
Oľga RohÃ¡Ä iková: Slovak University of Agriculture, Slovakia

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 1, 146-165

Abstract: This paper investigates how universities affect formation of new knowledge intensive ventures in conditions of post-socialistic country of Eastern Europe, depending on character of university spill-overs. Using tools of spatial econometry, we investigate how graduates rollout by universities and knowledge spill-overs on basis of interpersonal relationships between entrepreneurs and senior academic researchers determines emergence of knowledge intensive ventures in Slovakia, while we distinguish between total number of knowledge intensive firms (KIF), knowledge intensive manufacturing ventures (KIM), knowledge intensive business services (KIBS) and knowledge intensive services (KIS). Our estimates of spatial Durbin models indicate that even in conditions of country that lacks universities carrying out top-excellent research, university spill-overs affects formation of knowledge intensive ventures, but only in case of services, while spill-overs in form of graduate rollout are significantly localized.

Keywords: university; graduates; knowledge spill-overs; knowledge intensive entrepreneurship (search for similar items in EconPapers)
JEL-codes: I23 M13 J24 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.9770/jesi.2019.7.1(12)

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