The Anchor Tenant Hypothesis: Exploring the Role of Large, Local, R&D-Intensive Firms in Regional Innovation Systems
27 Pages Posted: 27 Apr 2007
We examine the geographic co-location of university research and industrial R&D in three technology areas. While we find strong evidence of co-location of these vertically connected activities, regional economies appear to vary markedly in their ability to convert local academic research into local commercial innovation. We develop and test the hypothesis that the presence of a large, local, R&D-intensive firman anchor tenantenhances the regional innovation system such that local university research is more likely to be absorbed by and to stimulate local industrial R&D.
Keywords: Regional innovation systems, University technology transfer, Spillovers, Absorptive
JEL Classification: O18, O31, O33, L1
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