Entrepreneurship, State Economic Development Policy, and the Entrepreneurial University

38 Pages Posted: 19 Feb 2007

See all articles by David B. Audretsch

David B. Audretsch

Indiana University - Institute for Development Strategies; King Saud University; WHU - Otto Beisheim School of Management; Indiana University Bloomington - School of Public & Environmental Affairs (SPEA)

Ronnie J. Phillips

Colorado State University

Multiple version iconThere are 2 versions of this paper

Date Written: February 15, 2007

Abstract

In this paper, we discuss the nature of the university-industry relationship and recommend specific policies to help achieve the goal of greater economic growth. We argue that state-supported research universities can be used to integrate entrepreneurship into state economic development and incubate entrepreneurial companies. Regional entrepreneurship policy is a new strategy that regards economic development as a process that goes from supporting research and development to creating and growing new businesses. Specifically, we believe that an entrepreneurial higher education system is a key to state-level economic policies. There is an opportunity at research universities to combine the human capital talent available on faculties with the needs and expertise of private industry to accelerate entrepreneurship and economic growth.

Keywords: entrepreneurship, economic development, university

JEL Classification: M13, R58

Suggested Citation

Audretsch, David B. and Phillips, Ronnie J., Entrepreneurship, State Economic Development Policy, and the Entrepreneurial University (February 15, 2007). Available at SSRN: https://ssrn.com/abstract=963401 or http://dx.doi.org/10.2139/ssrn.963401

David B. Audretsch (Contact Author)

Indiana University - Institute for Development Strategies ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States
812-855-6766 (Phone)
812-855-0184 (Fax)

King Saud University ( email )

P.O. Box 2460
Riyadh, 11451
Saudi Arabia

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States

Ronnie J. Phillips

Colorado State University ( email )

Fort Collins, CO 80523-1771
United States

HOME PAGE: http://www.ronniejphillips.com

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