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reflect these empirical findings and examine the effects of innovation policy. While subsidies to frontier firms discourage … knowledge diffusion from these firms to technologically lagging firms, these subsidies also encourage innovation within frontier …
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reflect these empirical findings and examine the effects of innovation policy. While subsidies to frontier firms discourage … knowledge diffusion from these firms to technologically lagging firms, these subsidies also encourage innovation within frontier …
Persistent link: https://www.econbiz.de/10015047427
Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...
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