Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24914 
Year of Publication: 
2006
Series/Report no.: 
Papers on Entrepreneurship, Growth and Public Policy No. 1606
Publisher: 
Max Planck Institute of Economics, Jena
Abstract: 
Geographic clusters have an impressive track record for producing innovative firms. In this research, we examine whether a geographic cluster location and the knowledge spillovers new ventures assimilate influence both their explorative and exploitative innovation activities. We hypothesize a stronger relationship of industry clustering on exploitative innovations but a stronger relationship of knowledge spillovers on explorative innovations. We expect the interaction will result in more exploitative innovations than explorative innovations. The data support most hypotheses.
Document Type: 
Working Paper

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