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Tesi etd-09212019-113654


Thesis type
Tesi di laurea magistrale
Author
BONACCORSI, PIETRO
URN
etd-09212019-113654
Title
Knowledge Spillovers in the Technology vs. Product Market Spaces: a Firm-level Investigation
Struttura
ECONOMIA E MANAGEMENT
Corso di studi
ECONOMICS
Supervisors
relatore Prof. Fagiolo, Giorgio
relatore Prof. Mina, Andrea
Parole chiave
  • Knowledge Spillovers
  • Product Market Space
  • Technology Space
Data inizio appello
07/10/2019;
Consultabilità
Secretata d'ufficio
Data di rilascio
07/10/2089
Riassunto analitico
This study aims at exploring empirically the relationship between knowledge spillovers and firm performance. The investigation is carried out on a firm-level panel data set covering 31 OECD countries in the 2009-2018 period. Exploiting and adapting Bloom, Schankerman and Van Reenen's (2013) empirical framework, we estimate the effect of knowledge spillovers coming from technological neighbours and product market rivals on a range of firm performance indicators (market value, patent counts, productivity). We further analyse heterogeneity in the emergence of the effects, by re-estimating our models on subsamples of our firm population, identified by employment size cohorts or by clusters of technologically homogeneous sectors. At the full sample level, we observe a positive effect of technological spillovers on each of the outcome variables, while product market rivalry effects are insignificant. The split sample analysis highlights the presence of firm size- and sector-specific dynamics in the estimated effects, suggesting the need for an explicit account of their extent and of the factors which cause them.
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