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Stocking Up: The Role of Temporal and Spatial R&D Stocks

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  • Martijn J. Smit
  • Henri L.F. de Groot

Abstract

Endogenous growth models are built around the concept of a knowledge stock. This knowledge stock can also be interpreted as a localized stock that operates at the regional level, as is common in the regional innovation systems literature. We use data from the second, third and fourth Community Innovation Surveys (covering 1994--1996, 1998--2000 and 2002--2004) to measure the build-up of knowledge at a very low regional aggregation level (“across streets and hallways”) in the Netherlands. In doing so, we account for regional agglomeration effects. We find that such local knowledge stocks have a small influence on innovation and are far outweighed by firm-specific characteristics.

Suggested Citation

  • Martijn J. Smit & Henri L.F. de Groot, 2013. "Stocking Up: The Role of Temporal and Spatial R&D Stocks," European Planning Studies, Taylor & Francis Journals, vol. 21(5), pages 637-665, May.
    • Handle: RePEc:taf:eurpls:v:21:y:2013:i:5:p:637-665
    DOI: 10.1080/09654313.2012.745266
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    Cited by:

    1. Martijn J. Smit, 2017. "Innovation through new blood," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 58(3), pages 543-578, May.
    2. Daniele Mantegazzi & Philip McCann & Viktor Venhorst, 2020. "The impact of language borders on the spatial decay of agglomeration and competition spillovers," Journal of Regional Science, Wiley Blackwell, vol. 60(3), pages 558-577, June.

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