Firms’ knowledge search and local knowledge externalities in innovation performance
| Autor: | Stephen Roper, Karen Bonner, James H. Love |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
HD
Labour economics Externalities of openness media_common.quotation_subject Strategy and Management Management Science and Operations Research Competition (economics) Management of Technology and Innovation 0502 economics and business Openness to experience Economics Quality (business) UK 050207 economics Innovation Industrial organization Engineering(all) media_common Market failure Knowledge Search Copying 05 social sciences Knowledge acquisition Local knowledge system 050203 business & management Externality |
| Zdroj: | Roper, S, Love, J & Bonner, K 2017, ' Firms’ Knowledge Search and Local Knowledge Externalities in Innovation Performance ', Research Policy, vol. 46, no. 1, pp. 43-56 . https://doi.org/10.1016/j.respol.2016.10.004 |
| ISSN: | 0048-7333 |
| DOI: | 10.1016/j.respol.2016.10.004 |
| Popis: | We use an augmented version of the UK Innovation Surveys 4–7 to explore firm-level and local area openness externalities on firms’ innovation performance. We find strong evidence of the value of external knowledge acquisition both through interactive collaboration and non-interactive contacts such as demonstration effects, copying or reverse engineering. Levels of knowledge search activity remain well below the private optimum, however, due perhaps to informational market failures. We also find strong positive externalities of openness resulting from the intensity of local interactive knowledge search—a knowledge diffusion effect. However, there are strong negative externalities resulting from the intensity of local non-interactive knowledge search—a competition effect. Our results provide support for local initiatives to support innovation partnering and counter illegal copying or counterfeiting. We find no significant relationship between either local labour quality or employment composition and innovative outputs. |
| Databáze: | OpenAIRE |
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