Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an … explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to … imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the …

Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley … significant spillovers, it becomes optimal for an innovative start-up and its financier to adopt contracts with fewer … contingencies: these contracts maximize their ability to extract (part of) the surplus they generate through positive spillovers …

other factors which may condition economic growth, such as innovation, migration, and the local ‘social filter’, taking also … into account the geographical component of intervention in transport infrastructure and innovation. The results of the two … filter’, good innovation capacity, both in the region and in neighbouring areas, and a region's capacity to attract migrants …

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R …

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the … literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to …

essential to innovative activity. Such knowledge spillovers tend to be spatially restricted. Thus, an irony of globalization is …

effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … a narrow concentrated set of economic activities is more conducive to knowledge spillovers or if diversity, by bringing … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …