Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy

Varga, Attila; Sebestyén, Tamás; Szabó, Norbert; Szerb, László

doi:10.1080/00343404.2018.1527026

Cited by 58 publications

(52 citation statements)

References 31 publications

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“…We agree with Varga et al [9] that this role is especially relevant in regions like Spain where entrepreneurial development is hindered by many obstacles.…”

Section: Discussionsupporting

confidence: 93%

“…Smart specialisation is the capacity of regions to devise structural alterations in their economies through innovation, the detection of opportunities and the absorption of resources [6]. Therefore, it is a model of regional development that is based on innovation, derived mainly from the efforts in R&D and the creation of companies in accordance with said discoveries [7][8][9]. This concept is broadly in line with the definition, creation, mission and objectives of the USO.…”

Section: Introductionmentioning

confidence: 99%

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The Spin-Off as an Instrument of Sustainable Development: Incentives for Creating an Academic USO

et al. 2018

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In recent years, universities and public authorities have increasingly focused on creating USOs (university spin-offs) as a method of transferring research results to society and of achieving the sustainable development sought by European institutions. However, the success of these policies depends on the appeal of creating a USO for academics. The aim of this research was to examine the relative importance of certain factors that may boost academic entrepreneurship and, therefore, to guide public policies. To do this, a qualitative study was carried out among 42 researchers from Spanish universities and research centres to understand their motivations for creating a USO. A quantitative study was then carried out, based on Conjoint Analysis and with a sample of 1726 academics, to identify the relative importance of six conditions that influence their predisposition to become entrepreneurs. This technique is seldom used in the field of entrepreneurship and, to the best of our knowledge, has never been used before to analyse academic entrepreneurship. The results of the study show that personal economic benefit is clearly the factor that heightens the intention to create a USO the most. Research benefit, CV benefit, support programmes, teaching reduction and personal cost are of lesser importance. The study also concludes that there are few differences according to the academic’s profile.

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“…We agree with Varga et al [9] that this role is especially relevant in regions like Spain where entrepreneurial development is hindered by many obstacles.…”

Section: Discussionsupporting

confidence: 93%

Section: Introductionmentioning

confidence: 99%

The Spin-Off as an Instrument of Sustainable Development: Incentives for Creating an Academic USO

et al. 2018

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“…The other challenge is integrating entrepreneurship into an economic impact model to estimate the economic effects of entrepreneurship policy at the relevant spatial scales. To respond to this second challenge, we integrated REDI into the framework of the GMR-Europe policy impact model (Varga et al 2019). As a result, the most recent version of GMR models became the first available tool to estimate the economic impacts of entrepreneurship policies.…”

Section: Introductionmentioning

confidence: 99%

Economic Impact Assessment of Entrepreneurship Policies with the GMR-Europe Model

Varga

Szerb

Sebestyén

et al. 2020

The Entrepreneurial Society

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This chapter introduces the most recent version of the geographic macro and regional (GMR) Europe model. The model estimates the economic impacts of policies that aim at improving the quality of entrepreneurship ecosystems. As such, GMR-Europe is the first available economic impact assessment model that estimates the effects of entrepreneurship policies on several economic variables like productivity, GDP, employment, and wages. To measure the quality of regional entrepreneurial ecosystems, GMR-Europe integrates the Regional Entrepreneurship and Development Index (REDI) into its structure. In addition to introducing the GMR-Europe This study was financed by the Financial and Institutional Reforms for an Entrepreneurial Society (FIRES) that has received funding from the EU's Horizon 2020 research and innovation program under grant agreement No. 649378 and by the European Union and Hungary co-financed by the European Social Fund through the project EFOP-3.6.2-16-2017-00017, titled "Sustainable, intelligent and inclusive regional and city models". The research has been conducted as part of the National Excellence in Higher Education Program in Hungary (reference number of the contract: 20765-3/2018/FEKUTSTRAT). The authors of this chapter are indebted to the following colleagues for their invaluable assistance: Gallusz Abaligeti and Dániel Kehl, for their contribution to the empirical calibration of the TFP model equations, Anna Csajkás and Richárd Farkas for their assistance in data collection, data preparation and contribution to estimations and Péter Járosi, whose previous engagement in model development and continuous assistance through this work is an inevitable part of the present model setup. Laszlo Szerb and Attila Varga also gratefully acknowledge support from the National Scientific Research Fund of Hungary (OTKA/NKFI grant no. 120289 titled Entrepreneurship and Competitiveness investigations in Hungary based on the Global Entrepreneurship Monitor surveys 2017-2019). Thanks to Andrea Herrmann for comments on earlier drafts of this chapter.

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“…Similarly, other researchers argue that Research and Development (R&D) is a key determinant of growth (Awaworyi Churchill, Ugur, & Luong, 2020;Kawajiri, Goto, Sakurai, Hata, & Tahara, 2020;Varga, Sebestyén, Szabó, & Szerb, 2020). According to Romer (1989), investment in R&D projects is crucial to utilizing human capital and existing knowledge for technology development.…”

Section: Organisational Innovation New Hiring and Research And Devementioning

confidence: 99%

The Impact of Research and Development and Professional New Hiring on Organizational Innovation

Boadi

Kwakyewaa²,

Olivier³

et al. 2020

HRR

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Organizational innovation is highly dependent on the inflow of relevant information and proper integration of this information in the operational processes for a process, product and service innovation. Employee engagement and social connectedness of employees have been cited as key methodologies of integrating new information from research and development and professional new hiring. The study investigated the impact of research and development and professional new hiring on organizational innovation jointly mediated by employee Human Resource Research 47 engagement and social connectedness. A structural equation model was adopted for the study. The estimator adopted in testing the hypothetical model and the hypothesis was a maximum likelihood. A comparative analysis of the single mediating and the joint mediating of employee engagement and social connectedness was conducted. The results indicated that professional new hiring and research and development activities have a statistically significant indirect effect on organizational innovation through a joint mediation of social connectedness and employee engagement. The threshold for the model fitness was satisfied. The study, based on the findings on both the decomposed and final model, concludes that employee engagement and social connectedness jointly influence the relationship between the research and development and professional new hiring on organizational innovation better than the single mediation.

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Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy

Cited by 58 publications

References 31 publications

The Spin-Off as an Instrument of Sustainable Development: Incentives for Creating an Academic USO

The Spin-Off as an Instrument of Sustainable Development: Incentives for Creating an Academic USO

Economic Impact Assessment of Entrepreneurship Policies with the GMR-Europe Model

The Impact of Research and Development and Professional New Hiring on Organizational Innovation

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