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Production of Knowledge and Geographically Mediated Spillovers from Universities A Spatial Econometric Perspective and Evidence from Austria

Fischer, Manfred M. and Varga, Attila (2000) Production of Knowledge and Geographically Mediated Spillovers from Universities A Spatial Econometric Perspective and Evidence from Austria. Discussion Papers of the Institute for Economic Geography and GIScience, 73/00. WU Vienna University of Economics and Business, Vienna.

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Abstract

The paper sheds some light on the issue of geographically mediated knowledge spillovers from university research activities to regional knowledge production in high tech industries in Austria. Knowledge spillovers occur because knowledge created by university is typically not contained within that institution, and thereby creates value for others. The conceptual framework for analysing geographic spillovers of university research on regional knowledge production is derived from Griliches (1979). It is assumed that knowledge production in the high tech sectors essentially depends on two major sources of knowledge: the university research that represents the potential pool of knowledge spillovers and R&D performed by the high tech sectors themselves. Knowledge is measured in terms of patents, university research and R&D in terms of expenditures. We refine the standard knowledge production function by modelling research spillovers as a spatially discounted external stock of knowledge. This enables us to capture regional and interregional spillovers. Using district-level data and employing spatial econometric tools evidence is found of university research spillovers that transcend the geographic scale of the political district in Austria. It is shown that geographic boundedness of the spillovers is linked to a decay effect. (authors' abstract)

Item Type: Paper
Keywords: knowledge production function / patents / high tech R&D / spatial econometrics
Classification Codes: JEL O31, H41, O40
Divisions: Departments > Sozioökonomie > Wirtschaftsgeographie und Geoinformatik > Fischer
Depositing User: ePub Administrator
Date Deposited: 08 Jul 2014 15:05
Last Modified: 02 Feb 2015 20:11
URI: http://epub.wu.ac.at/id/eprint/4240

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