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Determinants of Knowledge Production and Their Effects on Regional Economic Growth

29 Pages Posted: 21 Apr 2012  

Olivier Parent

University of Cincinnati - Department of Economics

James P. LeSage

Texas State University - McCoy College of Business Administration

Date Written: May 2012

Abstract

We provide a Bayesian spatial Markov Chain Monte Carlo model composition (MC3) analysis of growth rates in European regional patenting activity. Based on theoretical models on innovation and growth, we identify a large set of candidate explanatory variables that characterize regional stocks of knowledge, including: human resources devoted to innovative activity, scientific and technical capabilities, public and private investments, government policies, as well as regional industry structure, and indicators of regional technology gaps that reflect distance from the technological frontier. Our analysis shows that accommodating spatial dependence and heterogeneity leads to different conclusions regarding factors important for technological transfer and knowledge spillovers.

Suggested Citation

Parent, Olivier and LeSage, James P., Determinants of Knowledge Production and Their Effects on Regional Economic Growth (May 2012). Journal of Regional Science, Vol. 52, Issue 2, pp. 256-284, 2012. Available at SSRN: https://ssrn.com/abstract=2043368 or http://dx.doi.org/10.1111/j.1467-9787.2011.00732.x

Olivier Parent (Contact Author)

University of Cincinnati - Department of Economics ( email )

3361 Lindner Hall
P.O. Box 210371
Cincinnati, OH 45221-0371
United States

James P. LeSage

Texas State University - McCoy College of Business Administration ( email )

Finanace and Economics Department
601 University Drive
San Marcos, TX 78666
United States
512-245-0256 (Phone)
512-245-3089 (Fax)

HOME PAGE: http://www.spatial-econometrics.com

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