Do firms in clusters invest in R&D more intensively? Theory and evidence from multi-country data

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dc.contributor.authorLee, Chang-Yangko
dc.date.accessioned2011-02-07T05:40:09Z-
dc.date.available2011-02-07T05:40:09Z-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.issued2009-09-
dc.identifier.citationRESEARCH POLICY, v.38, no.7, pp.1159 - 1171-
dc.identifier.issn0048-7333-
dc.identifier.urihttp://hdl.handle.net/10203/21961-
dc.description.abstractThis study aims to evaluate whether firms located in clusters invest more intensively in research and development (R&D) than their non-clustered counterparts. Specifically, it proposes a model of firm R&D and tests empirically its implications for the effect of being located in a cluster on firm R&D intensity. The key ideas underlying the theory are as follows: (I) due either to natural excludability or to a high degree of stickiness of R&D-opportunity-bearing technological knowledge, geographical proximity per se is limited in the (automatic) spillover of knowledge with promising R&D opportunities to nearby firms: (2) geographical proximity may, however, help enhance the effectiveness or efficiency of knowledge exchange through market mechanisms (e.g., through contract R&D, R&D collaboration); (3) potential advantages (or disadvantages) in firm R&D of being located in a cluster also depend on the degree of asymmetry in technological competence among firms located in the cluster. The key ideas are supported by an empirical analysis of a multi-industry, multi-country data set compiled by the World Bank. In particular, the results show that being located in a cluster per se actually has a negative effect on firm R&D intensity, which is in contrast to the conventional wisdom of pure or automatic localized knowledge spillovers, as far as firm R&D intensity is concerned. (C) 2009 Elsevier B.V. All rights reserved.-
dc.description.sponsorshipThis study was financially supported by Korea’s Science and Technology Policy Institute (STEPI). The author thanks Editor Martin Bell and two anonymous reviewers for their encouragement and invaluable comments on the early version of this paper.en
dc.languageEnglish-
dc.language.isoen_USen
dc.publisherELSEVIER SCIENCE BV-
dc.subjectKNOWLEDGE SPILLOVERS-
dc.subjectTECHNOLOGICAL-CHANGE-
dc.subjectLOCALIZED KNOWLEDGE-
dc.subjectINDUSTRIAL CLUSTERS-
dc.subjectLOCATION MATTER-
dc.subjectINNOVATION-
dc.subjectBIOTECHNOLOGY-
dc.subjectAGGLOMERATION-
dc.subjectPERFORMANCE-
dc.subjectSIZE-
dc.titleDo firms in clusters invest in R&D more intensively? Theory and evidence from multi-country data-
dc.typeArticle-
dc.identifier.wosid000269050900008-
dc.identifier.scopusid2-s2.0-67650127137-
dc.type.rimsART-
dc.citation.volume38-
dc.citation.issue7-
dc.citation.beginningpage1159-
dc.citation.endingpage1171-
dc.citation.publicationnameRESEARCH POLICY-
dc.embargo.liftdate9999-12-31-
dc.embargo.terms9999-12-31-
dc.contributor.localauthorLee, Chang-Yang-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorR&amp-
dc.subject.keywordAuthorD intensity-
dc.subject.keywordAuthorCluster-
dc.subject.keywordAuthorGeographical proximity-
dc.subject.keywordAuthorLocalized knowledge spillovers-
dc.subject.keywordAuthorNatural excludability-
dc.subject.keywordPlusKNOWLEDGE SPILLOVERS-
dc.subject.keywordPlusTECHNOLOGICAL-CHANGE-
dc.subject.keywordPlusLOCALIZED KNOWLEDGE-
dc.subject.keywordPlusINDUSTRIAL CLUSTERS-
dc.subject.keywordPlusLOCATION MATTER-
dc.subject.keywordPlusINNOVATION-
dc.subject.keywordPlusBIOTECHNOLOGY-
dc.subject.keywordPlusAGGLOMERATION-
dc.subject.keywordPlusPERFORMANCE-
dc.subject.keywordPlusSIZE-
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