Bekesi, Daniel; Hammer, Christoph; Koch, Matthias; … - 2011
This paper attempts to analyze the impact of knowledge and knowledge spillovers on regional total factor productivity … (TFP) in Europe. Regional patent stocks are used as a proxy for knowledge, and TFP is measured in terms of a superlative … periods. In order to estimate the impact of knowledge stocks we use a spatial autoregressive model with random effects, which …