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Theoretical perspectives on localised knowledge spillovers and agglomeration

Leppala, Samuli 2018. Theoretical perspectives on localised knowledge spillovers and agglomeration. Papers in Regional Science 97 (3) , pp. 467-484. 10.1111/pirs.12256

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Empirical evidence shows that innovation is geographically concentrated, but whether localised knowledge spillovers provide a logically valid explanation for this phenomenon is unclear. I show that in the context of cost-reducing R&D spillovers between Cournot oligopolists the explanation is plausible: localised knowledge spillovers encourage agglomeration, but whether this leads to higher levels of effective R&D depends on the extent of the spillovers, the number of farms, and the industry's R&D effciency. Contrary to the earlier theoretical work,this illustrates a context, in which the localised knowledge spillover explanation is actualised, and provides necessary conditions, which can be empirically tested.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Uncontrolled Keywords: agglomeration economies, innovation, R&D spillovers, location.
Publisher: Springer
ISSN: 1056-8190
Date of First Compliant Deposit: 3 August 2016
Date of Acceptance: 18 July 2016
Last Modified: 21 Oct 2018 15:33

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