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The Journal of Technology Transfer

, Volume 41, Issue 6, pp 1284–1307 | Cite as

University–industry collaboration and regional wealth

  • Erik E. Lehmann
  • Matthias Menter
Article

Abstract

Substantial research has been conducted towards understanding why and how universities shape regional wealth and competitiveness. In this paper we extend this literature to examine empirically causal relationships between university-induced knowledge spillovers and regional wealth using a hand collected panel data set from 1998 to 2012. Literature has identified three possible effects of causality, namely that a university exogenously fosters and spurs regional wealth, second that universities are endogenously shaped by regional wealth and finally that regional wealth and universities follow an interlinked and co-evolutionary path. Our findings support the latter direction in that universities and their regional endowment are linked together.

Keywords

University–industry collaboration Entrepreneurship Knowledge spillover theory Regional wealth 

JEL Classification

N31 O3 

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Faculty of Business and EconomicsUniversity of AugsburgAugsburgGermany
  2. 2.CCSEBergamoItaly

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