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The Contribution of Universities to Growth: Empirical Evidence for ItalyMartin A. CarreeUniversity of Maastricht - Department of Organization & Strategy Antonio Della MalvaKU Leuven - Faculty of Business and Economics (FBE) Enrico SantarelliUniversity of Bologna - Department of Economics October 21, 2011 Quaderni DSE Working Paper No. 793 Abstract: New entrepreneurial ventures may represent a viable and effective mechanism to transform academic knowledge into regional economic growth. We test this notion for the Italian provinces between 2001 and 2006. We evaluate three outputs of academic activities: teaching, research and Intellectual Property Rights (IPR) activities management. New ventures may be able to transform the mentioned outputs into improved economic performance. The findings show that the effects of academic outputs on provincial economic growth (all sectors) are appreciable when they are associated with sustained entrepreneurial activities in the province. It suggests that academic inquiry may provide new ventures with valuable commercial opportunities overseen by established companies.
Number of Pages in PDF File: 29 Keywords: University research, Regional growth, Entrepreneurship, Italian provinces JEL Classification: I23, O18, O34, R11 working papers seriesDate posted: October 24, 2011Suggested CitationContact Information
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