Local clustering;
R&D investment;
Spatial autocorrelation;
D O I:
暂无
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
This paper proposes to investigate the effect of spillovers on firms' R&D investment decisions. We develop an analysis merging the geographer's toolbox with standard econometric techniques. For a chosen sample of sectors, we test the existence of positive spatial autocorrelation at the level of R&D investments. We provide results on how far the local environment may influence the firms' investment decisions, hence to what extent localization economies matter for agglomeration. Data confirm that the proximity to other firms investing in R&D may produce positive externalities. Finally, the diversity versus specialization debate is tackled.
机构:
Aoyama Gakuin Univ, Sch Int Polit Econ & Business, Shibuya Ku, Tokyo 1508366, JapanAoyama Gakuin Univ, Sch Int Polit Econ & Business, Shibuya Ku, Tokyo 1508366, Japan
机构:
KAIST Korea Adv Inst Sci & Technol, KAIST Business Sch, Seoul 130722, South KoreaKAIST Korea Adv Inst Sci & Technol, KAIST Business Sch, Seoul 130722, South Korea