Quality of University Subject and Regional Technological Innovation
Exploiting a large-scale relocation of university departments in the 1950s,this paper examines the impact of university subject quality on local innovation at the disciplinary level,using the net number of department relocation across cities as IV.We find that:1)A 1%improvement of university subject rating increases the number of local patent applications and patent citations related to the subject by 0.6%and 1.2%respectively;2)The impact of university subject quality on local innovation structure only exists in medium and high-tech industries,and is generally stronger in the central and western provinces;3)Collaborated R&D between universities and firms,the citation of university patents by local social patents,and the improvement of specific human capital in the local labor market constitutes three important channels for the local spillover effect of the university subjects.The policy implications of this paper help shed light on how to facilitate innovation and high-quality development of the economy.
university subject qualityinnovationuniversity department relocation