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University technology transfer and entrepreneurship as drivers of regional development: evidence from Korea
Asian Journal of Technology Innovation ( IF 1.769 ) Pub Date : 2021-02-22 , DOI: 10.1080/19761597.2021.1891443
Kang Ho Bong 1 , Jihun Kwon 1 , Jaemin Park 1
Affiliation  

ABSTRACT

In recent years, research has focused on the role of universities as ‘entrepreneurial actors’ who transform academic knowledge and commercialise research in local economies. While there is empirical evidence to support the argument that technology transfer accelerates new venture formation, which in turn stimulates regional employment growth, there is little research on the structural influences of these three elements at the regional level. This study examines whether entrepreneurship induced endogenously from university technology transfer can predict entrepreneurship’s contribution to regional employment growth by applying the instrumental variables and two-stage least squares (IV-2SLS) for panel-data models. Our results confirm that university technology transfer promotes entrepreneurship and stimulates regional employment growth. Furthermore, we find that the quality of technologies transferred is more important than the quantity. This study contributes to filling the gaps in knowledge about the impact of university technology transfer on regional development by adding a causal relationship of entrepreneurship endogenously induced from university technology transfer.



中文翻译:

大学技术转让和创业作为区域发展的驱动力:来自韩国的证据

摘要

近年来,研究集中在大学作为“创业者”的角色上,他们在当地经济中转变学术知识并将研究商业化。虽然有经验证据支持技术转让加速新企业形成,进而刺激区域就业增长的论点,但关于这三个要素在区域层面的结构影响的研究很少。本研究通过将工具变量和两阶段最小二乘法 (IV-2SLS) 应用于面板数据模型,检验了大学技术转移内生诱导的创业是否可以预测创业对区域就业增长的贡献。我们的研究结果证实,大学技术转让促进创业并刺激区域就业增长。此外,我们发现转让技术的质量比数量更重要。本研究通过增加大学技术转移内生性创业的因果关系,有助于填补关于大学技术转移对区域发展影响的知识空白。

更新日期:2021-02-22
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