Research Universities and Regional High-Tech Firm Start-up and Exit

44 Pages Posted: 27 Jan 2009 Last revised: 29 Sep 2013

See all articles by Dakshina G. De Silva

Dakshina G. De Silva

Department of Economics, Lancaster University Management School

Robert P. McComb

Texas Tech University - Department of Economics

Date Written: December 13, 2009

Abstract

If localized knowledge spillovers are present in the university setting, higher rates of both start-up and/or survival would be observed in areas that are geographically proximate to the university. Using a detailed industry dataset for Texas for 1999:3-2005:2, we analyze start-up and exit rates for high-tech firms. Based on a Poisson Quasi-Maximum Likelihood estimation, we find evidence that the level of R&D and proximity of a research institution positively affects the likelihood of technology start-ups. However, using both the Cox Proportional Hazards Model and Kaplan-Meier approach, our results suggest that geographic proximity to knowledge centers does not reduce hazard rates.

Keywords: Entry and Survival, R & D, Regional, Urban, Rural Analyses

JEL Classification: R12, R53, O18

Suggested Citation

De Silva, Dakshina G. and McComb, Robert P., Research Universities and Regional High-Tech Firm Start-up and Exit (December 13, 2009). Available at SSRN: https://ssrn.com/abstract=1333352 or http://dx.doi.org/10.2139/ssrn.1333352

Dakshina G. De Silva

Department of Economics, Lancaster University Management School ( email )

Lancaster LA1 4YX
United Kingdom

Robert P. McComb (Contact Author)

Texas Tech University - Department of Economics ( email )

MS 41014
Lubbock, TX 79409-1014
United States
806 742-2466 x240 (Phone)

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