KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Hans Lööf and Börje Johansson
Innovation, Metropolitan and Productivity
Abstract: This paper assesses the contribution to productivity of
firms’ internal innovation efforts and spatially-specific factors. A
dynamic GMM-estimator is applied to a panel of close to 3,000 firms located
in 81 Swedish regions and observed over a 10-year period. The magnitude of
benefits from the knowledge milieu of an agglomeration is sizeable, but
varies between firms depending on their particular R&D-strategy and
location within a metropolitan region.
Keywords: R&D; innovation-strategy; productivity; metropolitan; externalities; (follow links to similar papers)
JEL-Codes: C23; O31; O32; (follow links to similar papers)
35 pages, October 27, 2011
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