Theoretical perspectives on localised knowledge spillovers and agglomeration

Leppälä, Samuli 2014. Theoretical perspectives on localised knowledge spillovers and agglomeration. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University.

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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.

Item Type:	Monograph (Working Paper)
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Publisher:	Cardiff University
Date of First Compliant Deposit:	30 March 2016
Last Modified:	08 Oct 2015 10:01
URI:	https://orca.cardiff.ac.uk/id/eprint/78012

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