Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85029
Authors: 
Aamoucke, Ronney
Fritsch, Michael
Year of Publication: 
2013
Series/Report no.: 
Jena Economic Research Papers 2013-026
Abstract: 
Based on detailed information about the regional knowledge base, particularly about universities, we find that regional public research and education have a strong positive impact on new business formation in innovative industries but not in industries classified as non-innovative. Measures for the presence and size of public academic institutions have more of an effect on the formation of innovative new businesses than indicators that reflect the quality of these institutions. We find relatively weak evidence for interregional spillovers of these effects. Our results clearly demonstrate the importance of localized knowledge and, especially, of public research for the emergence of innovative new businesses.
Subjects: 
innovative start-ups
new business formation
regional knowledge
universities
JEL: 
L26
L60
L80
O18
R12
R30
Document Type: 
Working Paper

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