Knowledge Spillovers and Local Innovation Systems: A Critical Survey
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- 1 December 2001
- journal article
- research article
- Published by Oxford University Press (OUP) in Industrial and Corporate Change
- Vol. 10 (4) , 975-1005
- https://doi.org/10.1093/icc/10.4.975
Abstract
This paper re‐examines critically the growing literature on localized knowledge spillovers (LKSs), and finds the econometric evidence on the subject still lacking a firm theoretical background, especially in relation to the more recent developments in the economics of knowledge. LKSs as externalities are too narrow a concept to embrace the wide variety of knowledge transmission mechanisms that may, or may not, spread ideas and expertise while keeping the diffusion process bounded in space.All Related Versions
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