innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …

This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the …) generate the social optimum despite the presence of spillovers. This conclusion is closely tied to the famous self …

This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the …) generate the social optimum despite the presence of spillovers. This conclusion is closely tied to the famous self …

spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly …

We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …

effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these …

, and the presence and nature of spillovers to neighboring regions. The central government can provide co-funding in …

that divergence in monetary policy regimes affects forex volatility spillovers but that adding oil to a forex portfolio …

particular, we assume the existence of three jurisdictions, i, j and z, as well as of spillovers. Given this simple framework, we … show that if jurisdictions compete to attract mobile capital, spillovers can lead to asymmetric responses. In fact …

maximize it. Through the links in the collaboration network, researchers create spillovers not only to their direct coauthors …