Regional competitiveness, university spillovers, and entrepreneurial activity

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This study examines the impact of regional competitiveness on the innovative activity of entrepreneurial firms. Based on a unique and hand collected data set of publicly listed high technology start-ups and university regions, this paper tests how regional competitiveness and university spillovers affect the innovation behaviour of entrepreneurial firms. The results provide strong evidence that regional competitiveness and university spillovers are strong complements in fostering innovation activity of entrepreneurial firms. However, the results also raise the question whether incentives for universities and their actors might lead to crowding out effects. Terms of use: Documents in

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“…Based on higher observed research productivity and citations, Jaffe, Trajtenberg, and Henderson (1993) and Jaffe, Fogarty, and Banks (1998), as well as Griliches (1992), argued that researchers benefit from the proximity of other researchers, thereby realizing knowledge spillovers within geographically proximate areas. Subsequent studies focused on the inputs required for research and innovation-intensive activities and modelled various forms of private corporate and university research activities, commercial applications of new knowledge (i.e., patents), and highly skilled and tech-oriented human capital (Anselin, Varga, & Acs, 1997;Arauzo-Carod & Manjón-Antolín, 2012;Audretsch, Hülsbeck, & Lehmann, 2012;Feldman & Florida, 1994;McCann, 2007;Simon & Nardinelli, 2002). …”

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