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Knowledge Spillovers at the World's Technology Frontier
Keller, Wolfgang - C.E.P.R. Discussion Papers - 2001
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10005497902
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Labour Pooling in R&D Intensive Industries
Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2005
engage in risky R&D activities and thus create stochastic product and implied labour demand. Agglomeration in a cluster is …. Agglomeration is welfare-maximizing, because expected labour productivity is higher and firms choose a more efficient, technically …
Persistent link: https://www.econbiz.de/10005067450