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: | 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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