Pathways to Growth and Economic Development
Chapter 7: The governance and spatial dynamics of university–industry knowledge transfer
A firm’s opportunity to access significant economic knowledge through partnerships with external sources, including universities, is increasingly seen as a source of competitive advantage. From a regional economics perspective, it is believed that when firms and universities located in the same region can share knowledge and add this to their respective innovative activities, this stimulates collective processes of learning and enhances the development of ‘regional capabilities’. These are seen as sources of competitive advantage for all regional actors, promoting processes of economic development. There is already an ample literature examining factors that stimulate partnerships between universities and firms (in part described in Chapter 4). The focus of the majority of these studies is the features of individual firms, such as, in order of importance: size, research and development (R & D) expenditure, investments, receptivity to external knowledge, geographical distance from universities, industrial sector, technology specialization and group membership.
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