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Knowledge Spillovers from Creation to Exploitation: A Theoretical Model with Implications for Firms and Public Policy

In this paper we present an endogenous growth model in which we investigate the implications of knowledge spillovers between knowledge creators (inventors) and commercializers (innovators). We then turn to the question how such knowledge spillovers affect value creation within and among organizations as well as at the aggregate level and discuss how the internalization of these knowledge spillovers can help improve economic performance at both levels.

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File URL: http://dspace.library.uu.nl/bitstream/handle/1874/36724/09-32.pdf
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Paper provided by Utrecht School of Economics in its series Working Papers with number 09-32.

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Date of creation: 2009
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Handle: RePEc:use:tkiwps:0932
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  1. C. Praag & Peter Versloot, 2007. "What is the value of entrepreneurship? A review of recent research," Small Business Economics, Springer, vol. 29(4), pages 351-382, December.
  2. Ho, Vivian, 2002. "Learning and the evolution of medical technologies: the diffusion of coronary angioplasty," Journal of Health Economics, Elsevier, vol. 21(5), pages 873-885, September.
  3. Wolfgang Keller, 1997. "Trade and the Transmission of Technology," Development and Comp Systems 9707001, EconWPA.
  4. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  5. Junfu Zhang, 2009. "The performance of university spin-offs: an exploratory analysis using venture capital data," The Journal of Technology Transfer, Springer, vol. 34(3), pages 255-285, June.
  6. Klepper, Steven, 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle," American Economic Review, American Economic Association, vol. 86(3), pages 562-83, June.
  7. repec:dgr:uvatin:20070066 is not listed on IDEAS
  8. repec:use:tkiwps:0823 is not listed on IDEAS
  9. Zoltan J. Acs & Mark Sanders, 2008. "Intellectual Property Rights and the Knowledge Spillover Theory of Entrepreneurship," Jena Economic Research Papers 2008-069, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  10. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99, June.
  11. repec:dgr:uvatin:2007066 is not listed on IDEAS
  12. Karl Wennberg, 2009. "Knowledge combinations and the survival of financial services ventures," Journal of Evolutionary Economics, Springer, vol. 19(2), pages 259-276, April.
  13. Jorge Niosi & Marc Banik, 2005. "The evolution and performance of biotechnology regional systems of innovation," Cambridge Journal of Economics, Oxford University Press, vol. 29(3), pages 343-357, May.
  14. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  15. Attila Varga, 2006. "The Spatial Dimension of Innovation and Growth: Empirical Research Methodology and Policy Analysis," European Planning Studies, Taylor & Francis Journals, vol. 14(9), pages 1171-1186, July.
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