Research report 2004 - Max Planck Institute of Economics (1993 until 2014)
Universities and regional economic growth
Authors
Audretsch, David B.; Lehmann, Erik E.
Departments
Entrepreneurship, Growth and Public Policy (Prof. David Audretsch)
MPI für Ökonomik, Jena
Summary
When the economic future of a region or country is discussed by politicians or the media, universities are often cited as key suppliers of knowledge and know-how for firms. Based on a unique and hand-collected data set of 285 quoted firms in high-tech and knowledge-based industries, it is shown that research-intense universities can foster firm growth, especially through their educational programs.