Missing links of knowledge spillover effects on firm intensity and regional development
Gustavo Barboza (gabarboz@loyno.edu)
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Gustavo Barboza: Loyola University of New Orleans
Small Business Economics, 2024, vol. 63, issue 4, No 17, 1745 pages
Abstract:
Abstract This paper investigates the presence and extent of missing links that prevent the transmission and condition the flow of knowledge spillover effects (KSE) across space and time. Findings using a comprehensive database composed of 9242 innovative startups from Italy covering the period 2008–2018 and all 20 geographic regions as well as all economic sectors at the 2-digit level of aggregation indicate that missing links related to observed differences in industry structures and availability of pools of skilled human capital amount for large and persistent differences in terms of firm intensity differential across neighboring regions. More specifically, we observe that regions with initial existent high firm intensity are more likely to continue enhancing their labor pools by both endogenously increasing high-skilled human capital and by attracting high-skilled human capital from neighboring regions. Intra- and inter-industry spillovers are marked by high levels of heterogeneity. Consequently, we find that missing links related to KSE create directional effects, and these effects are neither symmetric nor reciprocal in adjacent geographical regions. Invisible barriers to KSE transmission, imposed by the presence of missing links, prevent the work of the invisible hand.
Keywords: Firm intensity; Missing links; Entrepreneurship; Innovative startups; Knowledge spillover effects (search for similar items in EconPapers)
JEL-codes: L26 M13 M21 O33 R11 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:63:y:2024:i:4:d:10.1007_s11187-024-00904-4
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DOI: 10.1007/s11187-024-00904-4
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