Local knowledge spillovers and innovation persistence of firms

Innovation activities of firms tend to be highly persistent. Yet, little is still known about potential spatial contingencies affecting the degree of persistence. This paper analyses the influence of local knowledge spillovers on firms' persistence in innovation activities. Using a representati...

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Bibliographic Details
Published inEconomics of innovation and new technology Vol. 32; no. 6; pp. 826 - 850
Main Authors Holl, Adelheid, Peters, Bettina, Rammer, Christian
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 18.08.2023
Taylor & Francis Ltd
Subjects
Companies
Contingencies
Innovation
Innovations
knowledge spillovers
Local knowledge
location
Panel data
Patenting
persistence
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Summary:Innovation activities of firms tend to be highly persistent. Yet, little is still known about potential spatial contingencies affecting the degree of persistence. This paper analyses the influence of local knowledge spillovers on firms' persistence in innovation activities. Using a representative panel data set of firms in Germany from 2002 to 2016, complemented by detailed geographic information of patent activity over discrete distances to proxy local knowledge spillovers, we find that the local patenting activity positively moderates persistency in innovation activities. Estimations with different distance bands show that the strength of knowledge spillovers that contribute to innovation persistence attenuates with increasing distance and vanishes beyond 30 kilometres in manufacturing and beyond 20 kilometres in services.
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ISSN:1043-8599
1476-8364
DOI:10.1080/10438599.2022.2036609