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Regional knowledge production as determinant of high-technology entrepreneurship: empirical evidence for Germany |
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| Authors: | Marcel Hülsbeck Elena N Pickavé |
| Institution: | 1. Department of business administration, University of Augsburg, Universitaetsstr. 16, 86159, Augsburg, Germany 2. CCSE, Bergamo, Italy 3. Department of business administration, University of Augsburg, Augsburg, Germany |
| Abstract: | Similar to the creation and distribution of new knowledge through industrial R&D and university research, entrepreneurial activity tends to vary across regions. Therefore the regionalized production of new knowledge is a prerequisite of entrepreneurial innovation. Based on endogenous growth theory, in particular the so-called Griliches-Jaffe-Model of regional knowledge production, we investigate industrial and university characteristics as determinants of technologically oriented entrepreneurship. Using hand-collected data from multiple sources, our results clearly show that high-technology entrepreneurship is highly dependent on regional knowledge production by industry and university, while technology entrepreneurship does largely not dependent on these factors. |
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