Geographic and Technological R&D Spillovers within the Triad: Micro Evidence from US Patents
Luigi Aldieri () and
Michele Cincera ()
No 7113, CEPR Discussion Papers from C.E.P.R. Discussion Papers
This paper aims at assessing the magnitude of R&D spillover effects on large international R&D companies’ productivity growth. In particular, we investigate the extent to which R&D spillover effects are intensified by both geographic and technological proximities between spillover generating and receiving firms. We also control for the firm’s ability to identify, assimilate and absorb the external knowledge stock. The results estimated by means of panel data econometric methods (system GMM) indicate a positive and significant impact of both types of R&D spillovers and of absorptive capacity on productivity performance.
Keywords: absorptive capacity; firms & productivity growth; Geographic and technological R& D spillovers (search for similar items in EconPapers)
JEL-codes: O33 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff, nep-ino, nep-ipr and nep-ure
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