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Strategy Seminar

Wednesday October 30, 2013

Time:

2:45PM - 4:15PM

 

Description

Maryann Feldman
S.K. Heninger Professor of Public Policy
Department of Public Policy
UNC

Notes

"On the benefits of geographical proximity for knowledge spillovers"

Abstract: This paper examines sourcing of knowledge in the inventive process. It develops a model to discern if observed patterns of knowledge sourcing are due to geographic proximity or reflect the geographic location of inventive agents. The empirical test employs observations from an extensive dataset drawn from a survey of European inventors. The identification strategy hinges on the idea that, if proximity matters, a redistribution of knowledge sources near the inventor increases total knowledge spillovers (from near and far sources). In so doing, we separate the effect produced by the geographic distribution of inventive activities from the effect due to geographic proximity. Our empirical analysis also rules out that the observed effect stems from market forces favoring formal collaborations rather than genuine spillovers. We find that proximity matters.

Event URL

www.fuquaworld.duke.edu/www/fsc/poster.jsp?number=18562

Contact Name

Sharon Bass

Contact Email

sjb3@duke.edu