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Firms’ knowledge search and local knowledge externalities in innovation performance
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Roper, Stephen, Love, James H. and Bonner, Karen (2017) Firms’ knowledge search and local knowledge externalities in innovation performance. Research Policy, 46 (1). pp. 43-56. doi:10.1016/j.respol.2016.10.004
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Official URL: http://dx.doi.org/10.1016/j.respol.2016.10.004
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.
| Item Type: | Journal Article | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||||
| Library of Congress Subject Headings (LCSH): | Business enterprises -- Technological innovations, Small business | ||||||||||
| Journal or Publication Title: | Research Policy | ||||||||||
| Publisher: | Elsevier BV | ||||||||||
| ISSN: | 0048-7333 | ||||||||||
| Official Date: | 2017 | ||||||||||
| Dates: |
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| Date of first compliant deposit: | 31 October 2016 | ||||||||||
| Volume: | 46 | ||||||||||
| Number: | 1 | ||||||||||
| Page Range: | pp. 43-56 | ||||||||||
| DOI: | 10.1016/j.respol.2016.10.004 | ||||||||||
| Status: | Peer Reviewed | ||||||||||
| Publication Status: | Published | ||||||||||
| Access rights to Published version: | Open Access |
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