Between spilling over and boiling down: network-mediated spillovers, local knowledge base and productivity in European regions

Nicola Cortinovis, Frank van Oort
2018 Journal of Economic Geography  
Productivity across European regions is related to three types of networks that mediate R&D-related knowledge spillovers: trade, co-patenting and geographical proximity. Both our panel and instrumental variable estimations for European regions suggest that network relations are crucial sources of R&D spillovers, but with potentially different features. Both import and co-patenting relations affect local productivity directly, but spillovers from innovation-leading regions are effective only
more » ... effective only when they are importmediated and when recipient regions have a solid knowledge base. From a policy perspective, this may frustrate recent European policy initiatives, such as Smart Specialization, which are designed to benefit all regions in Europe.
doi:10.1093/jeg/lby058 fatcat:szpwvlxqmfbc3dtq67isbjewmm