The aim of this paper is to estimate the effect of research externalities across space, in generating innovation. We do … would increase the innovation of the region itself by 80-90%. Given the small size and the limited range of diffusion, we …

We investigated the role of public funding in cardiovascular device innovation across 31 countries in Europe. We rely … effective for promoting innovation in the medical device industry at the regional level. …

externalities refer to the relationship between accumulated or prior period knowledge and current levels of innovation, where past … learning-by-doing makes innovation positively related to cumulative production over time. Our empirical specification allows …

Innovation and investment are critical to economic growth. In this article, we address the complex task of evaluating … the capacity of regional innovation to increase investment and generate spillovers in regions of the European Union (EU … spatial competition, both in terms of the distribution of investments and in terms of the diffusion of short-term innovation …

This paper provides causal evidence of local innovation spillovers, i.e. innovation by one firm fostering innovation by … neighboring firms. First, I document that exogenous shocks to innovation by listed firms affect innovation by private firms in the … same geographical area. I also find that such local innovation spillovers decline rapidly with distance. Second, I find …

imitate instead of concurrently investing in innovation, which alleviates competitive pressure. In contrast with the classical …