We disentangle the demand and productivity effects of public policy on industrial location (Commendatore, Kubin and Petraglia 2008, 2009) in a Footloose Capital model (Martin and Rogers 1995) with publicly financed R&D activities. Results are obtained under alternative assumptions on the intensity of knowledge spillovers (KS). New ideas generated in the R&D sector are alternatively assumed to be beneficial to all firms regardless of their location (per-fectly global KS), to local firms only (perfectly local KS) or to local firms to a higher extent than to foreign ones (partially local KS). Re-sults on both local dynamics around the interior and boundary fixed points and their global stability properties are obtained.

R&D Public Expenditure, Knowledge Spillovers and Agglomeration / Commendatore, Pasquale; I., Kubin; Petraglia, Carmelo. - STAMPA. - (2010), pp. 157-180.

R&D Public Expenditure, Knowledge Spillovers and Agglomeration

COMMENDATORE, PASQUALE;PETRAGLIA, CARMELO
2010

Abstract

We disentangle the demand and productivity effects of public policy on industrial location (Commendatore, Kubin and Petraglia 2008, 2009) in a Footloose Capital model (Martin and Rogers 1995) with publicly financed R&D activities. Results are obtained under alternative assumptions on the intensity of knowledge spillovers (KS). New ideas generated in the R&D sector are alternatively assumed to be beneficial to all firms regardless of their location (per-fectly global KS), to local firms only (perfectly local KS) or to local firms to a higher extent than to foreign ones (partially local KS). Re-sults on both local dynamics around the interior and boundary fixed points and their global stability properties are obtained.
2010
9783642040221
R&D Public Expenditure, Knowledge Spillovers and Agglomeration / Commendatore, Pasquale; I., Kubin; Petraglia, Carmelo. - STAMPA. - (2010), pp. 157-180.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/353049
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact