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Fields of Knowledge, Types of Higher Education Institutions, and Innovative Start-Ups - An Empirical Investigation

Michael Fritsch and Ronney Aamoucke ()
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Ronney Aamoucke: School of Economics and Business Administration, Friedrich-Schiller-University Jena

No 2014-013, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: We investigate the role played by different fields of academic knowledge and various types of higher education institutions in the emergence of innovative start-ups in a region. We show that education and research in the applied and natural sciences have the strongest effect on the emergence of new businesses in innovative industries. Distinguishing between different indicators for these types of knowledge, the strongest effects are found for the number of professors, followed by the number of students and the amount of external funds attracted. This discovery clearly indicates that it is more the size of the regional knowledge stock than the number of students that is most important for the emergence of innovative stat-ups.

Keywords: New business formation; innovative start-ups; universities; regional knowledge (search for similar items in EconPapers)
JEL-codes: L26 L60 L80 O18 R12 R30 (search for similar items in EconPapers)
Date: 2014-04-15
New Economics Papers: this item is included in nep-cse, nep-edu, nep-ent, nep-ino and nep-knm
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