
Contents
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6.1 University Entrepreneurship 6.1 University Entrepreneurship
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6.2 Localizing the Knowledge Spillover Theory of Entrepreneurship 6.2 Localizing the Knowledge Spillover Theory of Entrepreneurship
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6.3 Linking Entrepreneurship to University Spillovers 6.3 Linking Entrepreneurship to University Spillovers
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6.3.1 Universities as the Source of Spillovers 6.3.1 Universities as the Source of Spillovers
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6.3.2 University Transmission of Codified and Tacit Knowledge 6.3.2 University Transmission of Codified and Tacit Knowledge
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6.3.3 University Knowledge Spillovers and Location Decision 6.3.3 University Knowledge Spillovers and Location Decision
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6.4 Measurement Issues 6.4 Measurement Issues
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6.5 Results for Locational Proximity: Clustering of Firms and Proximity 6.5 Results for Locational Proximity: Clustering of Firms and Proximity
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6.6 Conclusions 6.6 Conclusions
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6 University Spillovers and Entrepreneurial Location
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Published:May 2006
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Abstract
This chapter asks whether the Knowledge Spillover Theory of Entrepreneurship also has a spatial component in that the startups tend to cluster within geographic proximity to knowledge sources. It examines whether the role of location in transmitting knowledge spillovers to entrepreneurial startups is heterogeneous, and varies systematically across different scientific and academic fields and for different spillover mechanisms. Evidence provides general support for the Localization Hypothesis. Universities with greater investment in knowledge and where the regional investment in knowledge is greater tend to generate more technology startups, suggesting that university spillovers tend to be localized and spatially constrained. However, the contribution of geographical proximity to accessing and absorbing university spillovers is apparently highly nuanced and varies systematically across different scientific fields and academic disciplines as well as different spillover mechanisms. The exact role that geographic proximity plays in facilitating university spillovers depends on the degree to which the type of knowledge and actual spillover mechanism are based on tacit, rather than codified knowledge.
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