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...

During the last two decades the role of new business start-ups has gained a growing interest both from regional economics as well as from (regional) economic policy. It was recognized that not only the large Galbraithian enterprise is the driving force in processes like employment growth or...

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...