The Influence of Geographic Clusters and Knowledge Spillovers on the Product Innovation Activities of New Ventures
AbstractGeographic clusters have an impressive track record for producing innovative firms. In this research, we examine whether a geographic cluster location and the knowledge spillovers new ventures assimilate influence both their explorative and exploitative innovation activities. We hypothesize a stronger relationship of industry clustering on exploitative innovations but a stronger relationship of knowledge spillovers on explorative innovations. We expect the interaction will result in more exploitative innovations than explorative innovations. The data support most hypotheses.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group in its series Papers on Entrepreneurship, Growth and Public Policy with number 2006-16.
Length: 29 pages
Date of creation: May 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-06-03 (All new papers)
- NEP-ENT-2006-06-03 (Entrepreneurship)
- NEP-GEO-2006-06-03 (Economic Geography)
- NEP-INO-2006-06-03 (Innovation)
- NEP-TID-2006-06-03 (Technology & Industrial Dynamics)
- NEP-URE-2006-06-03 (Urban & Real Estate Economics)
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