Knowledge Spillovers, Entrepreneurship, and Economic Growth: An Empirical Assessment

The relationship between knowledge spillovers, entrepreneurship, and economic growth was analyzed in this work. A Cobb-Douglas production function was employed to estimate the regional economic performance in the Dalian High-tech Industrial Park from 1999 to 2013. The regression results demonstrated that the industrial R&D investment, publications and patents had a positive impact on the knowledge spillover. The public policy had a negative correlation with the economic growth. The results also revealed that the academic entrepreneurship could effectively overcome the barriers of knowledge spillover produced by knowledge filter systems. The entrepreneurial university extends its missions not only in accelerating the firm's technology upgrading, but acting as the engine of the regional economic growth.