IDEAS home Printed from https://ideas.repec.org/a/spr/anresc/v54y2015i2p437-449.html
   My bibliography  Save this article

Technology-based state growth policies: the case of North Carolina’s Green Business Fund

Author

Listed:
  • Michael Hall
  • Albert Link

Abstract

US technology-based initiatives at the state level continue to emphasize regional economic development and job growth. Many are now also focused on green technologies. This paper describes one such green program, the North Carolina Green Business Fund. Based on an analysis of 24 funded R&D projects in 2008 and 2009, we find that 59 new full-time equivalent jobs were created in the short run through this program. We also find that those organizations that can attract greater additional financial support for their research generate more jobs. Lastly, we find that university involvement in these projects tempers job losses among projects discontinued early as well as job growth among those that commercialized their technologies. We cautiously offer, because of limited data, recommendations to states with similar programs to create structures to advise technology-based research organizations about sources of additional financial resources. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Michael Hall & Albert Link, 2015. "Technology-based state growth policies: the case of North Carolina’s Green Business Fund," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(2), pages 437-449, March.
    • Handle: RePEc:spr:anresc:v:54:y:2015:i:2:p:437-449
    DOI: 10.1007/s00168-015-0661-5
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00168-015-0661-5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00168-015-0661-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Evans, David S, 1987. "The Relationship between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 567-581, June.
    2. Hall, Bronwyn H & Link, Albert N & Scott, John T, 2001. "Barriers Inhibiting Industry from Partnering with Universities: Evidence from the Advanced Technology Program," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 87-98, January.
    3. Albert N. Link & Christopher J. Ruhm, 2013. "Bringing science to market:commercializing from NIH SBIR awards," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 1, pages 3-24, Edward Elgar Publishing.
    4. Mattias Johansson & Merle Jacob & Tomas Hellström, 2005. "The Strength of Strong Ties: University Spin-offs and the Significance of Historical Relations," The Journal of Technology Transfer, Springer, vol. 30(3), pages 271-286, July.
    5. Leyden, Dennis Patrick & Link, Albert N., 2015. "Public Sector Entrepreneurship: U.S. Technology and Innovation Policy," OUP Catalogue, Oxford University Press, number 9780199313853.
    6. Yi, Hongtao, 2013. "Clean energy policies and green jobs: An evaluation of green jobs in U.S. metropolitan areas," Energy Policy, Elsevier, vol. 56(C), pages 644-652.
    7. Albert N. Link & John T. Scott, 2013. "Public R&D subsidies, outside private support, and employment growth," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(6), pages 537-550, September.
    8. Iryna Lendel, 2010. "The Impact of Research Universities on Regional Economies: The Concept of University Products," Economic Development Quarterly, , vol. 24(3), pages 210-230, August.
    9. Rappert, Brian & Webster, Andrew & Charles, David, 1999. "Making sense of diversity and reluctance: academic-industrial relations and intellectual property," Research Policy, Elsevier, vol. 28(8), pages 873-890, November.
    10. Albert N. Link & John T. Scott, 2007. "The economics of university research parks," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(4), pages 661-674, Winter.
    11. David B. Audretsch, 1995. "Innovation and Industry Evolution," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011468, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James A. Cunningham & Paul O’Reilly, 2018. "Macro, meso and micro perspectives of technology transfer," The Journal of Technology Transfer, Springer, vol. 43(3), pages 545-557, June.
    2. Hackler, Darrene & Harpel, Ellen, 2021. "Incentives for Entrepreneurial Firms and Technical and Policy Appendices," MPRA Paper 109173, University Library of Munich, Germany.
    3. Daniel Smith & Maryann Feldman & Gary Anderson, 2018. "The longer term effects of federal subsidies on firm survival: evidence from the advanced technology program," The Journal of Technology Transfer, Springer, vol. 43(3), pages 593-614, June.
    4. Anca Vasilica Tănasie & Luiza Loredana Năstase & Luminița Lucia Vochița & Andra Maria Manda & Geanina Iulia Boțoteanu & Cătălina Soriana Sitnikov, 2022. "Green Economy—Green Jobs in the Context of Sustainable Development," Sustainability, MDPI, vol. 14(8), pages 1-23, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hall, Michael & Link, Albert, 2015. "Technology-Based Growth Policies: The Case of North Carolina’s Green Business Fund," UNCG Economics Working Papers 15-1, University of North Carolina at Greensboro, Department of Economics.
    2. Christopher S. Hayter, 2013. "Harnessing University Entrepreneurship for Economic Growth," Economic Development Quarterly, , vol. 27(1), pages 18-28, February.
    3. Christopher S. Hayter, 2015. "Social Networks and the Success of University Spin-offs," Economic Development Quarterly, , vol. 29(1), pages 3-13, February.
    4. David B. Audretsch & Dennis P. Leyden & Albert N. Link, 2013. "Universities as research partners in publicly supported entrepreneurial firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 12, pages 175-192, Edward Elgar Publishing.
    5. Link, Al & Wessner, Charles, 2010. "Universities as Research Partners: Entrepreneurial Explorations and Exploitations," UNCG Economics Working Papers 10-12, University of North Carolina at Greensboro, Department of Economics.
    6. James A. Cunningham & Paul O’Reilly, 2018. "Macro, meso and micro perspectives of technology transfer," The Journal of Technology Transfer, Springer, vol. 43(3), pages 545-557, June.
    7. Christopher Hayter, 2013. "Conceptualizing knowledge-based entrepreneurship networks: perspectives from the literature," Small Business Economics, Springer, vol. 41(4), pages 899-911, December.
    8. Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries," The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.
    9. Ghosal, Vivek, 2007. "Small is Beautiful but Size Matters: The Asymmetric Impact of Uncertainty and Sunk Costs on Small and Large Businesses," MPRA Paper 5461, University Library of Munich, Germany.
    10. Josep-Maria Arauzo-Carod & Agustí Segarra-Blasco, 2005. "The Determinants of Entry are not Independent of Start-up Size: Some Evidence from Spanish Manufacturing," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 27(2), pages 147-165, September.
    11. Simone Scagnelli & Lorenzo Vasile & Mico Apostolov, 2019. "Survival Drivers Of Post-Incubated Start-Ups: The Effect Of Academic Governance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-20, October.
    12. Mulligan, Robert F., 2004. "Fractal analysis of highly volatile markets: an application to technology equities," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(1), pages 155-179, February.
    13. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    14. Thurik, A. Roy & Carree, Martin A. & van Stel, André & Audretsch, David B., 2008. "Does self-employment reduce unemployment?," Journal of Business Venturing, Elsevier, vol. 23(6), pages 673-686, November.
    15. Rafik Abdesselam & Jean Bonnet & Nicolas Le Pape, 2004. "An Explanation of the Life Span of New French Firms," Small Business Economics, Springer, vol. 23(3), pages 237-254, October.
    16. Martin S. Andersen & Jeremy W. Bray & Albert N. Link, 2017. "On the failure of scientific research: an analysis of SBIR projects funded by the U.S. National Institutes of Health," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(1), pages 431-442, July.
    17. Pittiglio, Rosanna, 2024. "Counterfeiting and firm survival. Evidence from the Italian manufacturing industry," Economic Systems, Elsevier, vol. 48(2).
    18. Daniel Nepelski & Giuseppe Piroli, 2018. "Organizational diversity and innovation potential of EU-funded research projects," The Journal of Technology Transfer, Springer, vol. 43(3), pages 615-639, June.
    19. Emmanuelle Fauchart & Max Keilbach, 2009. "Testing a model of exploration and exploitation as innovation strategies," Small Business Economics, Springer, vol. 33(3), pages 257-272, October.
    20. Yuji Honjo & Masatoshi Kato, 2019. "Do initial financial conditions determine the exit routes of start-up firms?," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 1119-1147, July.

    More about this item

    Keywords

    O31; O32; L26; H71;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:54:y:2015:i:2:p:437-449. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.