We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting … activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of … spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by …

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using … difference between spillovers from foreign-owned units and from units which participate at global markets through exporting in … comparison to domestically-owned and non-exporting units. We find evidence of stronger spillovers from exporting firms than from …

This paper suggests how to quantify asymmetries in volatility spillovers that emerge due to bad and good volatility … stocks at the disaggregate level. Moreover, the spillovers of bad and good volatility are transmitted at different magnitudes … that sizably change over time in different sectors. While negative spillovers are often of substantial magnitudes, they do …

spillovers among jurisdictions. In accordance with previous studies, we show that under the assumption of a fixed capital supply …

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 …