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Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Cardiff Economics Working Papers No. E2014/10
Verlag: 
Cardiff University, Cardiff Business School, Cardiff
Zusammenfassung: 
There is substantial empirical evidence that innovation is geographically concentrated. Unlike what is generally assumed, however, it is not clear that localised knowledge spillovers provide a theoretically valid explanation for this. Studying spillovers of cost-reducing technology between Cournot oligopolists we show that 1) localised knowledge spillovers of any level do encourage agglomeration, but 2) whether this leads to higher levels of effective R&D depends on the type and level of knowledge spillovers, the number of firms, and the industry's R&D efficiency.
Schlagwörter: 
knowledge spillovers
agglomeration economies
innovation
location
JEL: 
O33
R32
L13
Dokumentart: 
Working Paper

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