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Emergence of economic institutions: analysing the third role of universities in Turku, Finland
[journal article]
Abstract How do universities become economic development institutions? The normative "Third Role" in Europe refers to universities taking on explicit economic development mandates such as greater technology transfer, and commercial outputs, without providing much of a compass for institutional change. We arg... view more
How do universities become economic development institutions? The normative "Third Role" in Europe refers to universities taking on explicit economic development mandates such as greater technology transfer, and commercial outputs, without providing much of a compass for institutional change. We argue that universities transform themselves into economic institutions against a changing canvas of national welfare by a process of "task-oriented institutionalisation" which involves both individual action and university strategy. We investigate two universities´interactions with firms in Turku, Finland´s biotechnology concentration. Using universities as a lens, we find notable gaps in frameworks on how economic institutions emerge and conclude with five hypotheses for future studies on universities, institutions and economic development.... view less
Classification
Special areas of Departmental Policy
University Education
Area Development Planning, Regional Research
Free Keywords
Economic development; Institutions; Planning models; Universities; Urban and regional development; Science and technology policy; Finland
Document language
English
Publication Year
2008
Page/Pages
p. 323-341
Journal
Regional Studies, 42 (2008) 3
DOI
https://doi.org/10.1080/00343400701291534
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)