Statistical evidence suggests that the relevance of knowledge spillovers has increased over time. In this paper we focus on regional knowledge spillovers and adopt a new econometric transformation that allows inference on potential interregional knowledge spillovers, accounting for spatial interdependencies. Determinants of interregional knowledge spillovers are explained with a sample of 103 Italian provinces. We find that a region's absorptive capacity, measured by local R&D expenditure and social capital, implies a reduction of outward knowledge spillovers. Identification is based on the use of Two Stages Least Squares and Fixed Effects estimates
Determinants of spatial knowledge spillovers in Italian provinces / A. Caragliu, C. Del Bo. - In: SOCIO-ECONOMIC PLANNING SCIENCES. - ISSN 0038-0121. - 45:1(2011), pp. 28-37. [10.1016/j.seps.2010.09.002]
Determinants of spatial knowledge spillovers in Italian provinces
C. Del BoUltimo
2011
Abstract
Statistical evidence suggests that the relevance of knowledge spillovers has increased over time. In this paper we focus on regional knowledge spillovers and adopt a new econometric transformation that allows inference on potential interregional knowledge spillovers, accounting for spatial interdependencies. Determinants of interregional knowledge spillovers are explained with a sample of 103 Italian provinces. We find that a region's absorptive capacity, measured by local R&D expenditure and social capital, implies a reduction of outward knowledge spillovers. Identification is based on the use of Two Stages Least Squares and Fixed Effects estimates
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