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Research Universities and Regional High-Tech Firm Start-up and Exit

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Research Universities and Regional High-Tech Firm Start-up and Exit. / De Silva, Dakshina G.; McComb, Robert P.
In: Economic Inquiry, Vol. 50, No. 1, 01.2012, p. 112-130.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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De Silva DG, McComb RP. Research Universities and Regional High-Tech Firm Start-up and Exit. Economic Inquiry. 2012 Jan;50(1):112-130. doi: 10.1111/j.1465-7295.2010.00353.x

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De Silva, Dakshina G. ; McComb, Robert P. / Research Universities and Regional High-Tech Firm Start-up and Exit. In: Economic Inquiry. 2012 ; Vol. 50, No. 1. pp. 112-130.

Bibtex

@article{631275421adb473c80697f9a332faa06,
title = "Research Universities and Regional High-Tech Firm Start-up and Exit",
abstract = "If localized knowledge spillovers are present in the university setting, higher rates of both start-up and/or survival would be observed in areas that are geographically proximate to the university. Using a detailed industry data set for Texas for 1999:3–2005:2, we analyze start-up and exit rates for high-tech firms. Based on a Poisson quasi-maximum likelihood estimation, we find evidence that the level of R&D and proximity of a research institution positively affects the likelihood of technology start-ups. However, using both the Cox proportional hazards model and Kaplan–Meier approach, our results suggest that geographic proximity to knowledge centers does not reduce hazard rates. (JEL R12, R53, O18)",
keywords = "Entry and Survival, R & D",
author = "{De Silva}, {Dakshina G.} and McComb, {Robert P.}",
year = "2012",
month = jan,
doi = "10.1111/j.1465-7295.2010.00353.x",
language = "English",
volume = "50",
pages = "112--130",
journal = "Economic Inquiry",
issn = "0095-2583",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - Research Universities and Regional High-Tech Firm Start-up and Exit

AU - De Silva, Dakshina G.

AU - McComb, Robert P.

PY - 2012/1

Y1 - 2012/1

N2 - If localized knowledge spillovers are present in the university setting, higher rates of both start-up and/or survival would be observed in areas that are geographically proximate to the university. Using a detailed industry data set for Texas for 1999:3–2005:2, we analyze start-up and exit rates for high-tech firms. Based on a Poisson quasi-maximum likelihood estimation, we find evidence that the level of R&D and proximity of a research institution positively affects the likelihood of technology start-ups. However, using both the Cox proportional hazards model and Kaplan–Meier approach, our results suggest that geographic proximity to knowledge centers does not reduce hazard rates. (JEL R12, R53, O18)

AB - If localized knowledge spillovers are present in the university setting, higher rates of both start-up and/or survival would be observed in areas that are geographically proximate to the university. Using a detailed industry data set for Texas for 1999:3–2005:2, we analyze start-up and exit rates for high-tech firms. Based on a Poisson quasi-maximum likelihood estimation, we find evidence that the level of R&D and proximity of a research institution positively affects the likelihood of technology start-ups. However, using both the Cox proportional hazards model and Kaplan–Meier approach, our results suggest that geographic proximity to knowledge centers does not reduce hazard rates. (JEL R12, R53, O18)

KW - Entry and Survival

KW - R & D

U2 - 10.1111/j.1465-7295.2010.00353.x

DO - 10.1111/j.1465-7295.2010.00353.x

M3 - Journal article

VL - 50

SP - 112

EP - 130

JO - Economic Inquiry

JF - Economic Inquiry

SN - 0095-2583

IS - 1

ER -