This paper introduces the Geographic Macro and Regional (GMR) model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital...

Agglomeration effects on the intensity of local knowledge spillovers from universities to high technology innovations are examined within the modified Griliches-Jaffe knowledge production function framework. Estimations are carried out at the level of US metropolitan areas. Concentration of high...

Technological change is a central element in macroeconomic growth explanation. Endogenous growth models take a revolutionary step towards better understanding the economic growth process by deriving technological change from profit-motivated individual behavior. In endogenous growth theory...

Mainstream economic thinking is still characterized by a predominantly a-spatial theoretical structure. Though economists are able to model the impacts of capital, labor or technology on output, employment or prices at both macro and micro levels, our methodological tools are still not sensitive...

The paper sheds some light on the issue of geographically mediated knowledge spillovers from university research activities to regional knowledge production in the high tech sector in Austria. Knowledge spillovers occur because knowledge created by university is typically not contained within...

Knowledge flows from universities to the regional economy can take different forms ranging from formal research collaborations to consultancy and informal personal connections. One of the knowledge communication channels drawing substantial interest of both researchers and regional policy makers...

In spatial econometrics, the typical alternative of spatial autocorrelation is expressed in the form of a spatial autorregressive process. While the bulk of the literature is devoted to specification tests and estimation methods for these models, alternatives have been suggested as well. In this...