University Spillovers into Small Technology-Based Firms: Channel, Mechanism, and Geography
17 Pages Posted: 19 Feb 2012
Date Written: February 1, 2012
This study examines how university knowledge spills over into small technology-based firms in Japan. Estimated Heckman selection models taking into account the timing of university-industry research collaboration and geographical proximity to spillover pools reveal that cooperative research with universities positively affects R&D productivity of small technology-based firms with a three-year lag. Among small technology-based firms that collaborate with universities in research, firms with local ties have a greater advantage in improving the quality of their R&D personnel through the acquisition of complementary knowledge. Theoretical and policy implications of empirical results are discussed.
Keywords: spillover, university, small firms, cooperative research, Japan
JEL Classification: L25, O33, M21
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