Universities, Entrepreneurship, and Local Economic Development
TLDR
In this paper, the authors analyze whether social welfare is maximized through private ownership of university research and the impact of the increased private protection of these rights on welfare, and discuss whether maximizing local entrepreneurship necessarily maximizes total welfare.Abstract:
This literature review spans several areas of research with a focus on the impact of universities on local entrepreneurship and economic development. This review will analyze whether social welfare is maximized through private ownership of university research and the impact of the increased private protection of these rights on welfare. We will discuss whether maximizing local entrepreneurship necessarily maximizes total welfare. Finally, we will ask whether much of past research and practice on commercializing research from universities may have missed the target. Our hypothesis is that the majority of local entrepreneurial economic development affected by universities is in the form of start-ups created by former students. If this hypothesis is confirmed then the recent transformation of university goals and practices toward increasing spin-off rates and new firm creation by university faculty and researchers may be called to question.read more
Citations
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Entrepreneurial ecosystems and growth oriented entrepreneurship
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Journal ArticleDOI
Startups by recent university graduates and their faculty: Implications for university entrepreneurship policy
TL;DR: In this article, the authors provide general evidence from the U.S. showing that the gross flow of start-ups by recently graduated students with an undergraduate degree in science or engineering is at least an order of magnitude larger than the spin-offs by their faculty, and that a recent graduate is twice as likely as her Professor to start a business within three years of graduation.
Journal ArticleDOI
Startups by Recent University Graduates and their Faculty - Implications for University Entrepreneurship Policy
TL;DR: In this article, the authors provide general evidence from the U.S. showing that the gross flow of science and engineering university graduates' start-ups is at least an order of magnitude larger than faculty spin-offs, that a recent graduate is twice as likely as her Professor to start a business within three years of graduation, and that the graduates’ spinoffs are not of low quality.
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Spreading the Word: Geography, Policy, and Knowledge Spillovers
Sharon Belenzon,Mark Schankerman +1 more
TL;DR: In this article, the authors study how geography affects university knowledge spillovers and show that the state border effect is heterogeneous and strongly influenced by university and state characteristics and policies, such as strong noncompete labor laws, greater reliance on in-state educated scientists, and lower rates of interstate scientific labor mobility.
References
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The Pure Theory of Public Expenditure
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