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The Economic Impact of Spillovers from R&D and Innovation

Author

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  • Dirk Meissner

    (Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics)

Abstract

In light of globalisation of knowledge generation, Science and Technology have opened up previously distinct borderlines now favoring overlapping if not merged fields. Hence innovation becomes more complex by bundling different technological solutions in new products, processes, services and business models, which stem from different scientific and technological roots. Thus spillovers are an essential precondition towards the establishment of new interdisciplinary fields of knowledge, science and technology. The paper reviews and synthesizes literature on spillovers, introduces a typology of spillovers and a taxonomy of spillover channels, estimates the economic impact of spillovers. Special attention is paid to assessing recipient’s capabilities to absorb new knowledge thus gaining advantages for own development. The author concludes that knowledge spillovers have a positive impact on performance of a recipient (company, country or region) as long as it possesses sufficient absorptive capacity. Spillovers might under certain circumstances lead to strengthening competition between knowledge recipients at the cost of the place of origin. Nonetheless the latter still is in a position to use instruments of legal protection of own knowledge (under certain circumstances), build on the existing competences and capacities and invest in the next frontier of knowledge and technology in certain fields and moreover create a boom in the field of knowledge and technology generated using marketing instruments extensively. Note: Downloadable document is in Russian.

Suggested Citation

  • Dirk Meissner, 2012. "The Economic Impact of Spillovers from R&D and Innovation," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 6(4), pages 20-31.
    • Handle: RePEc:hig:fsight:v:6:y:2012:i:4:p:20-31
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    References listed on IDEAS

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    Cited by:

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    3. Evgeniy Kutsenko & Dirk Meissner, 2013. "Key Features Of The First Phase Of The National Cluster Program In Russia," HSE Working papers WP BRP 11/STI/2013, National Research University Higher School of Economics.
    4. Elias Carayannis & Evangelos Grigoroudis, 2016. "Quadruple Innovation Helix and Smart Specialization: Knowledge Production and National Competitiveness," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(1), pages 31-42.
    5. Evgeniy Kutsenko, 2013. "Cluster policy in Russia: similarity and uniqueness," ERSA conference papers ersa13p331, European Regional Science Association.
    6. Jutta Günther & Dirk Meissner, 2017. "Clusters as Innovative Melting Pots?—the Meaning of Cluster Management for Knowledge Diffusion in Clusters," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 499-512, June.
    7. Konstantin Vishnevskiy & Dirk Meissner & Olga Egorova, 2015. "Foresight for SMEs: How to Overcome the Limitations in Small Firms?," HSE Working papers WP BRP 45/STI/2015, National Research University Higher School of Economics.
    8. M. A. Kaneva & G. A. Untura, 2018. "Interrelation of R&D, Knowledge Spillovers, and Dynamics of the Economic Growth of Russian Regions," Regional Research of Russia, Springer, vol. 8(1), pages 84-91, January.

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    More about this item

    Keywords

    innovation activity; research and development; knowledge spillovers; spillover impact; spillover channels;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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