Highly skilled individuals are key actors in regional development and innovation who act as carriers of knowledge and have the potential to be important knowledge spillover agents. Several studies have shown a strong correlation between the presence of highly skilled individuals and prosperous industries, especially in the high technology sector (Mulkay, 1976; Audretsch, 2001; Zellner, 2003; Zucker and Darby, 2006 and 2007; Ackers and Gill, 2008; and Oettl, 2008). Some universities appear more able than others to attract and retain excellent young scientists. This is of high importance considering that universities are now “competing against other universities for prestige and for reputation … institutional funding and grants, for researchers and for students” (Edler et al., 2011). Through globalization, the competition for excellent academic staff has become more and more fierce.
Horowitz (1966) stated that regions possessing a talented science base can enjoy resulting economic benefits over other regions which are lacking scientific talent. Audretsch (2001) stated that the presence of qualified workers in a certain region can influence the decision where to locate a firm or even where firms of a certain sector will cluster and through that, positively influence regional income. Furthermore, cooperation with the leading scientists in the field can provide firms with a competitive advantage and can determine which firms will become leaders in their industry (Maier et al., 2007; and Zucker and Darby, 2006 and 2007).
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