Firms’ knowledge search and local knowledge externalities in innovation performance
By S. Roper, J. Love, K. Bonner. 2017
260 citations recorded by the source corpus.
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.
Subfields: Economics and Econometrics, Management of Technology and Innovation
View Paper: https://www.semanticscholar.org/paper/1cc196b2e5b828ad678ffd692d63f36d83fe1109
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In Economics and Econometrics
In Management of Technology and Innovation
Citations in the corpus
- The innovative performance of firms in heterogeneous environments: the interplay between external knowledge and internal absorptive capacities (2018, background): “In these contexts, firms benefit from supportive local innovation ecosystems (Roper et al., 2017), which in turn links back to the notion of innovation prone regions as regional systems that are “capable of transforming a larger share of their own R&D into innovation and economic activity” (Rodrígue”