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https://doi.org/10.18335/region.v8i1.329
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Analysing Higher Educational Institutions' Role in Fulfilling their Third Mission
[journal article]
Abstract The transitional role of higher educational institutions encourages attention to initiatives aimed at positioning these institutions as hubs of knowledge production and transfers capable of influencing regional development. Nonetheless, the literature has defied the extent to which these institution... view more
The transitional role of higher educational institutions encourages attention to initiatives aimed at positioning these institutions as hubs of knowledge production and transfers capable of influencing regional development. Nonetheless, the literature has defied the extent to which these institutions have well-embraced their third mission of impacting regional development, thus calling for further approaches in examining the role of these institutions. This paper evaluates the various ways higher educational institutions have embraced their third mission of contributing to regional development. We sourced data containing information from 164 Higher Education Institutions (HEIs) located across the United Kingdom employing the propensity score matching estimation model. The results of the Average Treatment Effects (ATE) highlight the additionality effects of HEIs on graduate support, attracting inward investment, R&D collaborations and network facilitation. Surprisingly, our results emphasis the lack of significance in HEIs role in supporting SMEs, and knowledge exchanges. The main implication relates to the challenges in adopting initiatives that proved successful in specific universities to other higher educational settings.... view less
Keywords
university; knowledge transfer; technology transfer; research and development; innovation; regional development; economic development (on national level); Great Britain
Classification
University Education
Area Development Planning, Regional Research
Free Keywords
Propensity scores matching; third mission
Document language
English
Publication Year
2021
Page/Pages
p. 119-134
Journal
Region: the journal of ERSA, 8 (2021) 1
ISSN
2409-5370
Status
Published Version; peer reviewed