Regional Innovative Capacity with Endogenous Employment: Empirical Evidence from the U.S
AbstractUsing the endogenous growth model proposed by Romer (1990) and operationalized by Stern, Porter, and Furman (2000), we seek to identify factors that affect innovative capacity in the U.S. We find strong evidence of endogeneity between employment growth and innovative capacity. In response, we estimate a generalized two-stage random effects model of hi-tech employment and patenting activity. We find that the stock of knowledge (standing on shoulders effect), industry R&D expenditures, and the number of high-tech employees explain the rate of change of innovation among the states during the 1990s. The stock of human capital also influences the innovation rate. Our findings suggest that patenting activity and wages in the high-tech sector are the primary forces influencing the demand for high-tech labor.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 33 (2003)
Issue (Month): 1 ()
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Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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- Brown, Stephen P. A. & Hayes, Kathy J. & Taylor, Lori L., 2003.
"State and Local Policy, Factor Markets, and Regional Growth,"
The Review of Regional Studies,
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- David L. Barkley & Mark S. Henry & Doohee Lee, 2006. "Innovative activity in rural areas: the importance of local and regional characteristics," Community Development Investment Review, Federal Reserve Bank of San Francisco, pages 1-14.
- Laura de Dominicis & Raymond J.G.M. Florax & Henri L.F. de Groot, 2011. "Regional Clusters of Innovative Activity in Europe: Are Social Capital and Geographical Proximity the Key Determinants?," Tinbergen Institute Discussion Papers 11-009/3, Tinbergen Institute.
- Breand�n � hUallach�in & Timothy F. Leslie, 2007. "Rethinking the regional knowledge production function," Journal of Economic Geography, Oxford University Press, vol. 7(6), pages 737-752, November.
- Andrés Rodríguez-Pose & Marco Di-Cataldo, 2014. "Quality of government and innovative performance in the regions of Europe," Papers in Evolutionary Economic Geography (PEEG) 1406, Utrecht University, Section of Economic Geography, revised Feb 2014.
- Barkley, David L. & Henry, Mark S. & Lee, DooHee, 2006. "Innovative Activity in Rural Areas: The Role of Local and Regional Characteristics," REDRL Research Reports 113802, Clemson University, Regional Economic Development Research Laboratory (REDRL).
- Fernandes, Cristina & Ferreira, João, 2011. "Knowledge Spillovers and Knowledge Intensive Business Services: An Empirical Study," MPRA Paper 34751, University Library of Munich, Germany.
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