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Investment decision and the spatial dimension : Evidence from firm level data

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Author Info

  • Luisito BERTINELLI

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and CORE)

  • Rosella NICOLINI

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and CODE, Universitat de Barcelona)

Abstract

This paper proposes to investigate the effect of spillovers on location decision of firms. We develop an analysis merging the geographer toolbox with the standard econometric techniques. For a chosen sample of sectors, through the spatial data analysis, we test the existence of positive spatial autocorrelation for R&D investments that lead R&D expenditure to cluster. Moreover, we succeed in detecting how far the local environment may influence the firm decisions in R&D investments. Data confirm tha tthe proximity to other firms investing in R&D may produce positive externalities. Finally, the diversity vs. specialization debate is tackled.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2002007.

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Length: 30
Date of creation: 01 Feb 2002
Date of revision:
Handle: RePEc:ctl:louvir:2002007

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Related research

Keywords: Local clustering; R@D investment; spatial autocorrelation;

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References

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  1. Wallsten, Scott J., 2001. "An empirical test of geographic knowledge spillovers using geographic information systems and firm-level data," Regional Science and Urban Economics, Elsevier, vol. 31(5), pages 571-599, September.
  2. Glaeser, Edward Ludwig & Kallal, Hedi D. & Scheinkman, Jose A. & Shleifer, Andrei, 1992. "Growth in Cities," Scholarly Articles 3451309, Harvard University Department of Economics.
  3. Audretsch, David B & Feldman, Maryann P, 1998. "Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition," CEPR Discussion Papers 1980, C.E.P.R. Discussion Papers.
  4. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc.
  5. Cassiman, Bruno & Veugelers, Reinhilde, 2001. "R&D cooperation and spillovers: Some empirical evidence," IESE Research Papers D/430, IESE Business School.
  6. Audretsch, David B, 1998. "Agglomeration and the Location of Innovative Activity," Oxford Review of Economic Policy, Oxford University Press, vol. 14(2), pages 18-29, Summer.
  7. Paul Krugman, 1992. "Geography and Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610868.
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Citations

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Cited by:
  1. Reinhold Kosfeld, 2012. "Identifying Clusters within R&D Intensive Industries Using Local Spatial Methods," ERSA conference papers ersa12p232, European Regional Science Association.
  2. Alessandra Cassar & Rosella Nicolini, 2008. "Spillovers and growth in a local interaction model," The Annals of Regional Science, Springer, vol. 42(2), pages 291-306, June.

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