Article in Journal
What Works? Regional Effects of Universities
Nicolas Bunde, Nina Czernich, Oliver Falck, Gabriel Felbermayr
CESifo, Munich, 2022
EconPol Forum 23 (5), 48-55
CESifo, Munich, 2022
EconPol Forum 23 (5), 48-55
- Universities exert a positive impact on the development of a region
- They increase employment in high-tech and knowledge- intensive industries and raise long-term wages
- Research results from universities are the basis for technological progress, new products, and start-ups
- Framework conditions and institutional characteristics play an important role for such effects
- Innovation ecosystems grow over years and decades. Therefore, higher-education policy must be long-term