Theoretical perspectives on localised knowledge spillovers and agglomeration

Leppala, Samuli ORCID: https://orcid.org/0000-0002-1702-0417 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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Abstract

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:	04 Dec 2024 08:15
URI:	https://orca.cardiff.ac.uk/id/eprint/93556

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