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Knowledge externalities and firm heterogeneity: Effects on high and low growth firms

Markus Grillitsch () and Magnus Nilsson

No 2017/6, Papers in Innovation Studies from Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy

Abstract: Knowledge externalities affect high and low growth firms differently. The paper develops two theoretical arguments. The knowledge equilibrium argument postulates that knowledge externalities weaken high growth firms for the benefit of low growth firms until performance differences vanish. The knowledge competition argument claims that high growth firms are in a better position to identify, attract, and integrate knowledge, thereby benefiting more from knowledge externalities than low growth firms. Based on 188,936 observations of 32,736 Swedish firms from 2004 to 2011, it is analyzed whether knowledge centers enable high growth firms to surge ahead or low growth firms to catch up.

Keywords: knowledge spillovers; externalities; firm growth; competitiveness; core-periphery (search for similar items in EconPapers)
JEL-codes: O18 O30 P48 R10 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-geo, nep-knm, nep-net, nep-sbm and nep-tid
Date: 2017-04-27
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Journal Article: Knowledge externalities and firm heterogeneity: Effects on high and low growth firms (2019) Downloads
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