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Regional Appropriation of University-Based Knowledge and Technology for Economic Development

David Audretsch (), Dennis Leyden () and Albert Link

No 12-3, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: Economic development practitioners and scholars recognize the link between universities and regional economic development. It is predicated on the spillover of knowledge from universities to commercialization. The literature has focused on the supply side, which involves university research and technology transfer mechanisms. We examine the role played by the demand for university-based knowledge and university-developed technology. We identify links between businesses and the university as a key conduit facilitating the spillover of knowledge using data on the Department of Energy’s Small Business Innovation Research (SBIR) program. We provide supply-side evidence on university research relationships and how the use of knowledge and technologies that flow from a university impact economic growth. We identify the role that SBIR-funded businesses play in the spillover of knowledge from the creating organization to where that knowledge is used and commercialized. Our results suggest that knowledge is systematically transmitted through university-related research.

Keywords: Economic development; Entrepreneurship; Innovation; Licensing; SBIR program; University research (search for similar items in EconPapers)
JEL-codes: L26 O31 O34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-edu, nep-ent, nep-geo, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-sbm and nep-ure
Date: 2012-02-23
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Chapter: Regional Appropriation of University-Based Knowledge and Technology for Economic Development (2013) Downloads
Journal Article: Regional Appropriation of University-Based Knowledge and Technology for Economic Development (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2012_003

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