Roper, S, Love, JH orcid.org/0000-0003-3478-685X and Bonner, K (2017) Firms’ knowledge search and local knowledge externalities in innovation performance. Research Policy, 46 (1). pp. 43-56. ISSN 0048-7333
Abstract
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.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
Keywords: | Innovation; Local knowledge system; UK; Externalities of openness |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 07 Jan 2019 11:37 |
Last Modified: | 07 Jan 2019 11:37 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.respol.2016.10.004 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:140580 |