The Contribution of Universities to Growth: Empirical Evidence for Italy
Quaderni DSE Working Paper No. 793
29 Pages Posted: 24 Oct 2011
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: Suggested Citation
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