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

Dakshina G. De Silva; Robert Mccomb

doi:10.1111/j.1465-7295.2010.00353.x

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

Dakshina G. De Silva, Robert Mccomb

Economic

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	112-130
Number of pages	19
Journal	Economic Inquiry
Volume	50
Issue number	1
DOIs	https://doi.org/10.1111/j.1465-7295.2010.00353.x
State	Published - Jan 2012

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

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