Comparative localization of academic and industrial spillovers
AbstractThis paper studies geographic localization of academic and industrial knowledge spillovers. Using data on US research and development laboratories that quantify spatial aspects of learning about universities and firms as well as the locations of closely affiliated universities and firms, I find that academic spillovers are more localized than industrial spillovers. I also find that localization is increased by nearby stocks of R&D, but reduced by laboratory and firm size. These results on localized academic spillovers reflect the dissemination of normal science and the industry--university cooperative movement, which encourage firms to work with nearby universities, so that geographic localization coincides with the public goods nature of academic research. This situation contrasts with relations to other firms, where contractual arrangements are often needed to access proprietary information, often at a considerable distance. Copyright 2002, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Journal of Economic Geography.
Volume (Year): 2 (2002)
Issue (Month): 3 (July)
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Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
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Other versions of this item:
- James D. Adams, 2001. "Comparative Localization of Academic and Industrial Spillovers," NBER Working Papers 8292, National Bureau of Economic Research, Inc.
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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