KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Apostolos Baltzopoulos and Anders Broström
Attractors of talent: Universities, regions, and alumni entrepreneurs
Abstract: This paper investigates how universities may affect
regional entrepreneurship through the localisation decisions of
entrepreneurial alumni. Empirically a comprehensive, individual-level
dataset from Sweden for the period 2003-2005 is employed. The results
suggest that even when controlling for their spatial history, individuals
have an increased propensity to set up in the region where they studied.
This effect is found to substitute for both urbanisation economies and
localisation economies as drivers of regional-level entrepreneurship. Thus,
the present analysis provides evidence on how universities affect regional
economic development that complements the strong focus on spin-off
activities by university researchers in previous studies.
Keywords: university entrepreneurship; regional impact; location choice analysis; (follow links to similar papers)
JEL-Codes: I23; L26; O18; R30; (follow links to similar papers)
32 pages, February 28, 2010
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