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The Economic Effect of Jena University on the Regional Economy – Knowledge Transfer and Knowledge Capital Reassessed

Weis, Maximilian LU (2016) EKHM51 20161
Department of Economic History
Abstract
Universities are essential components for regional economic growth; through their research, teaching and entrepreneurial activities, they contribute to the regional economy in terms of knowledge, human capital and firm formation. This thesis not just accounts for and quantifies the overall economic effect of Jena University on the regional economy, but also reveals and illustrates exemplarily how the effect emerges on the micro-level. Therefore, patent networks and joint patents act as a proxy for the economic impact. First, the macro-economic effect of Jena University´s research and teaching activities is quantified by estimating a knowledge capital stock. Second, based on a patent data analysis covering patenting activity since 1999,... (More)
Universities are essential components for regional economic growth; through their research, teaching and entrepreneurial activities, they contribute to the regional economy in terms of knowledge, human capital and firm formation. This thesis not just accounts for and quantifies the overall economic effect of Jena University on the regional economy, but also reveals and illustrates exemplarily how the effect emerges on the micro-level. Therefore, patent networks and joint patents act as a proxy for the economic impact. First, the macro-economic effect of Jena University´s research and teaching activities is quantified by estimating a knowledge capital stock. Second, based on a patent data analysis covering patenting activity since 1999, knowledge transfer from the university to the regional economy is analyzed.
The findings suggest that Jena University has an economic impact on the regional economy in terms of knowledge creation and transfer, but also in terms of the effects from human and research capital generated at the university. When quantifying the economic effect of Jena University on the regional economy, it is argued that an effect of 459.9 mil Euro in terms of knowledge capital is operative in the region in 2013, which corresponds to 1.2 percent of Jena region´s domestic product. This economic impact is reflected in Jena University´s predominately regional cooperation and research partners, its technological focus that reflects the regional clusters and its role as promoter of entrepreneurship. (Less)
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author
Weis, Maximilian LU
supervisor
organization
course
EKHM51 20161
year
type
H1 - Master's Degree (One Year)
subject
keywords
university, regional economics, academic patenting, knowledge capital, knowledge transfer
language
English
id
8898807
date added to LUP
2017-01-16 15:43:42
date last changed
2017-01-16 15:43:42
@misc{8898807,
  abstract     = {Universities are essential components for regional economic growth; through their research, teaching and entrepreneurial activities, they contribute to the regional economy in terms of knowledge, human capital and firm formation. This thesis not just accounts for and quantifies the overall economic effect of Jena University on the regional economy, but also reveals and illustrates exemplarily how the effect emerges on the micro-level. Therefore, patent networks and joint patents act as a proxy for the economic impact. First, the macro-economic effect of Jena University´s research and teaching activities is quantified by estimating a knowledge capital stock. Second, based on a patent data analysis covering patenting activity since 1999, knowledge transfer from the university to the regional economy is analyzed. 
The findings suggest that Jena University has an economic impact on the regional economy in terms of knowledge creation and transfer, but also in terms of the effects from human and research capital generated at the university. When quantifying the economic effect of Jena University on the regional economy, it is argued that an effect of 459.9 mil Euro in terms of knowledge capital is operative in the region in 2013, which corresponds to 1.2 percent of Jena region´s domestic product. This economic impact is reflected in Jena University´s predominately regional cooperation and research partners, its technological focus that reflects the regional clusters and its role as promoter of entrepreneurship.},
  author       = {Weis, Maximilian},
  keyword      = {university,regional economics,academic patenting,knowledge capital,knowledge transfer},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Economic Effect of Jena University on the Regional Economy – Knowledge Transfer and Knowledge Capital Reassessed},
  year         = {2016},
}