The Contribution of Universities to Growth: Empirical Evidence for Italy

Quaderni DSE Working Paper No. 793

29 Pages Posted: 24 Oct 2011

See all articles by Martin A. Carree

Martin A. Carree

University of Maastricht - Department of Organization & Strategy

Antonio Della Malva

KU Leuven - Faculty of Business and Economics (FEB)

Enrico Santarelli

University of Bologna - Department of Economics

Date Written: October 21, 2011

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.

Keywords: University research, Regional growth, Entrepreneurship, Italian provinces

JEL Classification: I23, O18, O34, R11

Suggested Citation

Carree, Martin A. and Della Malva, Antonio and Santarelli, Enrico, The Contribution of Universities to Growth: Empirical Evidence for Italy (October 21, 2011). Quaderni DSE Working Paper No. 793. Available at SSRN: https://ssrn.com/abstract=1948516 or http://dx.doi.org/10.2139/ssrn.1948516

Martin A. Carree (Contact Author)

University of Maastricht - Department of Organization & Strategy ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Antonio Della Malva

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Enrico Santarelli

University of Bologna - Department of Economics ( email )

Piazza Scaravilli, 2
I-40126 Bologna
Italy
+39 051 2098487 (Phone)

HOME PAGE: http://www2.dse.unibo.it/santarel

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