Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109061
Authors: 
Leppälä, Samuli
Year of Publication: 
2014
Series/Report no.: 
Cardiff Economics Working Papers E2014/10
Abstract: 
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.
Subjects: 
knowledge spillovers
agglomeration economies
innovation
location
JEL: 
O33
R32
L13
Document Type: 
Working Paper

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