Innovation and R&D spillovers

SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--865) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Why does the self-employment rate vary across countries and over time?

SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--871) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

The Demise of Distance? The Declining Role of Physical Proximity for Knowledge Transmission

The transmission of knowledge diminishes with physical distance, one factor explaining the geographic clustering of scientific and industrial activity. The authors investigate how those distances have stretched over time-between collaborating inventors, and between inventors and the technology that inspires them. While physical distance is still a factor, it is clear that its constraining effects have weakened, especially for particular types of innovators, technologies, and regions of the United States. Copyright 2006 Blackwell Publishing.

An analysis of adverse selection, entrepreneurial activity, and the decision to go public

Asymmetric information, Entrepreneur, Initial public offering, Investment bank, Uncertainty, L26, R11, D81,

From R&D to innovation and economic growth in the EU

Over the last two decades many European governments have pursued ambitious research and development (R&D) policies with the aim of fostering innovation and economic growth in peripheral regions of Europe. The question is whether these policies are paying off. Arguments such as the need to reach a minimum threshold of research, the existence of important distance decay effects in the diffusion of technological spillovers, the presence of increasing returns to scale in R&D investments, or the unavailability of the necessary socio-economic conditions in these regions to generate innovation seem to cast doubts about the possible returns of these sort of policies. This paper addresses this question. A two-step analysis is used in order to first identify the impact of R&D investment of the private, public, and higher education sectors on innovation (measured as the number of patent applications per million population). The influence of innovation and innovation growth on economic growth is then addressed. The results indicate that R&D investment, as a whole, and higher education R&D investment in peripheral regions of the EU, in particular, are positively associated with innovation. The existence and strength of this association are, however, contingent upon region-specific socio-economic characteristics, which affect the capacity of each region to transform R&D investment into innovation and, eventually, innovation into economic growth. Copyright 2004 Gatton College of Business and Economics, University of Kentucky..