Recent empirical evidence has shown that firm’s innovation behavior exhibits high persistency but not much is known … environment and asks how local knowledge spillovers affect firms' innovation persistence. The empirical analysis draws upon a … former evidence that persistency in innovation is driven by true state dependence. More importantly, we find that the local …

Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries …

cluster. Yet, most studies on the productivity effects of agglomerations measure innovation with patent data, thus capturing …