-Douglas production function framework, with an emphasis on knowledge spillovers. The analysis uses a panel of 203 European regions to … latter capturing the contribution of interregional knowledge spillovers. We use patents to measure knowledge capital. Patent …

-region knowledge spillovers on total factor productivity (TFP) in Europe. The dependent variable is the region-level TFP, measured in …-of-region stocks of knowledge, the latter capturing the contribution of cross-region knowledge spillovers. We construct patent stocks … productivity effects of knowledge spillovers increase with geographic proximity …

The objective of this study is to identify knowledge spillovers that spread across regions in Europe and vary in …. The results suggest that interregional knowledge spillovers and their productivity effects are to a substantial degree … geographically localised and this finding is consistent with the localisation hypothesis of knowledge spillovers. There is a …

to assess whether these externalities are substitutes or complements in channeling knowledge spillovers. Results show …

In this paper, I analyze recent findings by Coe and Helpman (1995) of trade-related international R&D spillovers. I … show generally that randomly created bilateral trade shares also give rise to large estimated international R&D spillovers …

We introduce a conditional volatility model that combines persistent volatility dynamics with spillovers from a wide …

There is a large and growing literature on spillovers but no study that systematically evaluates the importance of … spillovers for portfolio management. This paper provides such an analysis and demonstrates that spillovers are fully embedded in … estimates of expected returns, variances, and correlations and that estimation of spillovers is not necessary for asset …

We study the role of R&D spillovers when modelling total factor productivity (TFP) by industry. Using Norwegian … industry level data, we find that for many industries there are significant spillovers from both domestic sources and from … technological change at the international frontier. International spillovers contributed with 38 per cent to the total growth in TFP …

precise measure of aggregate spillovers. We show in an application to US industry sector stock returns that the difference …