Investment decision and the spatial dimension: Evidence from firm level data

Luisito Bertinelli and Rosella Nicolini

No 2002007, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper proposes to investigate the effect of spillovers on location decision of firms. We develop an analysis merging the geographer toolbox with the standard econometric techniques. For a chosen sample of sectors, through the spatial data analysis, we test the existence of positive spatial autocorrelation for R&D investments that lead R&D expenditure to cluster. Moreover, we succeed in detecting how far the local environment may influence the firm decisions in R&D investments. Data confirm tha tthe proximity to other firms investing in R&D may produce positive externalities. Finally, the diversity vs. specialization debate is tackled.

Keywords: Local clustering; R@D investment; spatial autocorrelation (search for similar items in EconPapers)
JEL-codes: C23 C25 D21 L20 R12 (search for similar items in EconPapers)
Pages: 30
Date: 2002-02-01
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2002007

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