Higher Education Institutions and Regional Development

Bernd Ebersberger (), Sverre J. Herstad () and Andreas Altmann ()
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Bernd Ebersberger: MCI Management Center Innsbruck—The Entrepreneurial School
Sverre J. Herstad: Norwegian Institute for Studies in Innovation, Research and Education
Andreas Altmann: MCI Management Center Innsbruck—The Entrepreneurial School

Chapter Chapter 18 in Universities in Change, 2012, pp 311-321 from Springer

Abstract: Abstract Growth theories generally acknowledge that innovation and knowledge generating activities play a crucial role in determining the growth dynamics and their trajectories in national and regional economies (Solow 1956; Temple 1999; Romer 1990). Innovation—the development of new processes, products, and organizational structures, which are both technologically feasible and commercially successful—is created through the continuous interaction between firms, research institutes, government agencies, financing organizations, and, what is particularly important here, higher education organizations. The exchange of knowledge, human and financial capital, and other resources while enabling innovation embeds the actors in a dense network of interactions at the national, local, and, most of all, at the regional level. This is because regions serve to accumulate and diffuse information and knowledge more intensively through social network formation and labor market mobility, than what is the case at national and international levels (Agrawal et al. 2006; Malmberg and Power 2005; Maurseth and Verspagen 2002). It has been shown that the variety of actors within a region is a strong determinant of innovativeness. This variety is fostered by entrepreneurship.

Keywords: Higher Education Organizations; Labour Market Mobility; Social Network Formation; Maurseth; Regional Innovation Systems (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-1-4614-4590-6_18

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DOI: 10.1007/978-1-4614-4590-6_18

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