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What is Knowledge Spillovers

Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region
A particular kind of a positive externality such that the knowledge produced by one agent benefits other agents without receiving the former any kind of compensation or payment in return.
Published in Chapter:
R&D Competition, Cooperation, and Microeconomic Policies
Rafael Moner-Colonques (University of Valencia, Spain) and Jose J. Sempere-Monerris (University of Valencia, Spain)
DOI: 10.4018/978-1-4666-9548-1.ch010
Abstract
This chapter aims to contribute to the better understanding of R&D by scholars and practitioners. It includes a first section where the concept of innovation is defined and its public good nature and cumulative dimension are analysed. Next, the incentives that firms have to undertake R&D to attain a competitive edge upon rivals are considered. This entails the consideration of both ex ante and ex post incentives to undertake R&D. Since innovation is costly and derives important external effects, cooperation in R&D activities is prominent in several industries where firms enter into research joint ventures, or form research networks. The effect of cooperation is that, under some circumstances, the industry performance is better as compared to full competition. The final section addresses the complementarities and conflicts among the different microeconomic policies (trade, industrial and competition policy) faced by governments when considering the support of R&D activities.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Knowledge Spillovers and Strategic Entrepreneurship Revisited: A Review
The external benefits from the creation of knowledge that accrue to parties other than the creator, occur at multiple levels of analysis, be it within or across organizations and networks.
Full Text Chapter Download: US $37.50 Add to Cart
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