Economics Dictionary of ArgumentsHome
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| Knowledge spillover: Knowledge spillover in economics occurs when knowledge created by one firm, individual, or region unintentionally benefits others nearby. This diffusion fosters innovation, productivity, and economic growth beyond the original creator, often driving cluster development and technological advancement. Spillovers reduce duplication of effort and lower costs for knowledge acquisition. See also Knowledge organisation, High tech sector, Patents, Copyright._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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David Ulph on Knowledge Spillover - Dictionary of Arguments
Krugman IIII 168 Knowledge Spillover/Ulph/Winters: In the literature on spillovers it is generally argued that the presence of spillovers is a reason why the private rate of return to R&D is less than the social rate of return, so there is a justification for policy intervention to encourage firms to undertake R&D. However, strictly speaking, this only applies to a closed economy. >Research and Development (R&D), >Technology, >Technical progress, >Scientific labour market, >Labour market, >International trade, >Trade policies. An alternative case (…) is where the spillovers arepurely intraindustry, but cut across national boundaries. As is intuitively obvious, (…) such spillovers could provide a reason for not undertaking a policy of supporting domestic R&D, essentially because the country could free-ride on R&D being undertaken elsewhere. (…) it is clear that in general how far spillovers provide a rationale for supporting R&D is going to depend on the balance between internal and external spillovers. >Research and Development/Winters. David Ulph and L. Alan Winters. „Strategic Manpower Policy and International Trade.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Ulph, David EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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