| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2264 |
| DP2264 On The Optimality of Risk-Sharing in Growth Models: The Role of Education | |
| Gianluca Femminis | |
| 发表日期 | 1999-10-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The Importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Very few studies have carefully considered the determinants of European innovation, the productivity of its R&D and the existence of knowledge spillovers across regional boundaries. Here we develop a model which, emphasizing "the demand pull" as a key exogenous determinant of long-run innovation across regions, allows us to estimate the returns to regional R&D as a generator of innovation. We find that most of the cross-regional differences in innovation rates can be explained by own R&D, even after correcting for the endogeneity bias. Moreover, significant spillovers are found among geographically close regions, especially if they are technologically similar. |
| 主题 | International Macroeconomics ; Industrial Organization |
| 关键词 | Endogenous innovation Regional r&d Spatial spillovers |
| URL | https://cepr.org/publications/dp2264 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531358 |
| 推荐引用方式 GB/T 7714 | Gianluca Femminis. DP2264 On The Optimality of Risk-Sharing in Growth Models: The Role of Education. 1999. |
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