Leppala, Samuli ORCID: https://orcid.org/0000-0002-1702-0417 2020. Innovation, R&D spillovers, and the variety and concentration of the local industry structure. Scandinavian Journal of Economics 122 (3) , pp. 1231-1255. 10.1111/sjoe.12368 |
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Abstract
This paper presents a Cournot oligopoly model with R&D spillovers both within and across industries. The aim is to provide a theoretical foundation for the main hypotheses regarding the impact of the local industry structure on innovation and output. Depending on the spillover rates and the degree of product differentiation between the industries, the firms respond differently to changes in variety and concentration, which can explain the mixed empirical results. Furthermore, innovation and output may react in opposite ways, which makes the choice of the performance measure critical.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Publisher: | Wiley |
ISSN: | 0347-0520 |
Date of First Compliant Deposit: | 30 October 2018 |
Date of Acceptance: | 25 October 2018 |
Last Modified: | 06 Nov 2023 13:52 |
URI: | https://orca.cardiff.ac.uk/id/eprint/116325 |
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