University spillovers into small technology-based firms: channel, mechanism, and geography |
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Authors: | Nobuya Fukugawa |
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Affiliation: | 1. Graduate School of Engineering, Tohoku University, 6-6-11-814 Aramaki, Aoba-ku, Sendai, 980-8579, Japan
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Abstract: | This study examines how university knowledge spills over into small technology-based firms in Japan. Estimated Heckman selection models taking into account the timing of university-industry research collaboration and geographical proximity to spillover pools reveal that cooperative research with universities positively affects R&D productivity of small technology-based firms with a three-year lag. Among small technology-based firms that collaborate with universities in research, firms with local ties have a greater advantage in improving the quality of their R&D personnel through the acquisition of complementary knowledge. Theoretical and policy implications of empirical results are discussed. |
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