Firms’ growth: Does the innovation system matter? |
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| Authors: | Lucio Cassia Alessandra Colombelli Stefano Paleari |
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| Institution: | 1. Department of Economics and Technology Management, University of Bergamo, Viale Marconi, 5 – 24044 Dalmine Bergamo, Italy;2. Department of Economics, University of Turin and BRICK (Bureau of Research in Innovation, Complexity and Knowledge), Collegio Carlo Alberto, Via Real Collegio, 30, 10024 Moncalieri, Torino, Italy |
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| Abstract: | The paper investigates the effects of external sources of knowledge on firm growth. In line with the knowledge spillovers literature, we focus on the relationship between firms and universities, considered as a crucial source of knowledge. To this purpose, we analyse a sample of UK public companies in the period 1995 to 2006. Our findings confirm that both universities’ knowledge input and output are important determinants of the growth of entrepreneurial firms. |
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