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http://hdl.handle.net/10419/56278
  

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dc.contributor.authorHenrekson, Magnusen_US
dc.contributor.authorRosenberg, Nathanen_US
dc.date.accessioned2012-03-28T13:08:24Z-
dc.date.available2012-03-28T13:08:24Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/56278-
dc.description.abstractThe recent 'scientification' of commercial technology has brought the interface between universities and industry into sharp focus. In particular, academic entrepreneurship, i.e., the variety of ways in which academics take direct part in the commercialization of research, is widely discussed. The purpose of this paper is to suggest a framework for identifying the strategic individual decisions involved when educational choice is translated into science-based entrepreneurship. Identifying these decisions also allows us to hypothesize what incentive structures should be crucial. Our suggested framework is informally tested by an in-depth examination of the experiences of Sweden and the US. Despite large levels of R&D spending and comprehensive government support schemes, science-based entrepre-neurship has been far less important in Sweden compared to the US. Our analysis points to weaknesses in the Swedish incentive structure in key respects: the rate of return to human capital investment, incentives to become an entrepreneur and to expand existing businesses, and insufficient incentives within the university system to adjust curricula and research budgets to outside demand. Several policy measures during the 1990s have reduced the weaknesses in the Swedish incentive structure. The current emergence of a more vibrant entrepreneurial culture in Sweden in some areas is consistent with these changes. Our analysis suggests that a policy aimed at encouraging science-based entrepreneurship should focus on strengthening individual incentives for human capital investment and entrepreneurial behavior both within universities and in business.en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 410en_US
dc.subject.jelJ24en_US
dc.subject.jelO31en_US
dc.subject.jelO32en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordAcademic entrepreneurshipen_US
dc.subject.keywordInnovationen_US
dc.subject.keywordR&Den_US
dc.subject.keywordSpin-off firmsen_US
dc.subject.keywordTechnology transferen_US
dc.subject.keywordUniversity-industry relationsen_US
dc.subject.keywordUniversities and business formationen_US
dc.subject.stwWissenstransferen_US
dc.subject.stwHochschulforschungen_US
dc.subject.stwForschungskooperationen_US
dc.subject.stwUnternehmensgr√ľndungen_US
dc.subject.stwVergleichen_US
dc.subject.stwSchwedenen_US
dc.subject.stwUSAen_US
dc.titleDesigning efficient institutions for science-based entrepreneurship: Lessons from the US and Swedenen_US
dc.typeWorking Paperen_US
dc.identifier.ppn333190394en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

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