Research Universities and Regional High‐Tech Firm Start‐Up and Exit

19 Pages Posted: 6 Jan 2012

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: January 2012

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 data set 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.

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 (January 2012). Economic Inquiry, Vol. 50, Issue 1, pp. 112-130, 2012. Available at SSRN: https://ssrn.com/abstract=1980541 or http://dx.doi.org/10.1111/j.1465-7295.2010.00353.x

Dakshina G. De Silva (Contact Author)

Department of Economics, Lancaster University Management School ( email )

Lancaster LA1 4YX
United Kingdom

Robert P. McComb

Texas Tech University - Department of Economics ( email )

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

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