Theoretical Perspectives on Localised Knowledge Spillovers and Agglomeration

Samuli Lepp l ()
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Samuli Lepp l: Cardiff Business School, http://business.cardiff.ac.uk/people/staff/samuli-lepp-l
Authors registered in the RePEc Author Service: Samuli Mikael Leppälä

No E2014/10, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

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.

Keywords: knowledge spillovers; agglomeration economies; innovation; location (search for similar items in EconPapers)
JEL-codes: L13 O33 R32 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2014-07
New Economics Papers: this item is included in nep-com, nep-cse, nep-eff, nep-geo, nep-ino, nep-knm, nep-sbm and nep-ure
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Related works:
Journal Article: Theoretical perspectives on localized knowledge spillovers and agglomeration (2018)
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