This paper uses data from high technology industry clusters in U.S. cities to establish a strong positive relationship between city, industry (and university) R&D and subsequent employment in the same industry and city. Perhaps surprisingly, in view of recent results that heterogeneity favors growth, we found no evidence for spillovers from R&D in any one high technology cluster to employment in any other. However, spillover benefits from specialization appear microeconomically plausible in our context, though the data panel is too short to obtain any conclusions regarding growth.
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Paper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number
9920.
Find related papers by JEL classification: J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
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Thurik, A.R., 2008.
"Entrepreneurship, Economic Growth and Policy in Emerging Economies,"
Research Paper
ERS-2008-060-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
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