Research universities and regional high-tech firm start-up and exit

Dakshina G. De Silva, Robert Mccomb

Research output: Contribution to journalArticle

12 Scopus citations

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.

Original languageEnglish
Pages (from-to)112-130
Number of pages19
JournalEconomic Inquiry
Volume50
Issue number1
DOIs
StatePublished - Jan 2012

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