Production of Knowledge and Geographically Mediated Spillovers from Universities A Spatial Econometric Perspective and Evidence from Austria

Manfred M. Fischer, Attila Varga

    Publication: Working/Discussion PaperWU Working Paper

    Abstract

    The paper sheds some light on the issue of geographically mediated knowledge <br/>spillovers from university research activities to regional knowledge production in high <br/>tech industries in Austria. Knowledge spillovers occur because knowledge created by <br/>university is typically not contained within that institution, and thereby creates value for <br/>others. <br/>The conceptual framework for analysing geographic spillovers of university research on <br/>regional knowledge production is derived from Griliches (1979). It is assumed that <br/>knowledge production in the high tech sectors essentially depends on two major <br/>sources of knowledge: the university research that represents the potential pool of <br/>knowledge spillovers and R&D performed by the high tech sectors themselves. <br/>Knowledge is measured in terms of patents, university research and R&D in terms of <br/>expenditures. We refine the standard knowledge production function by modelling <br/>research spillovers as a spatially discounted external stock of knowledge. This enables <br/>us to capture regional and interregional spillovers. Using district-level data and <br/>employing spatial econometric tools evidence is found of university research spillovers <br/>that transcend the geographic scale of the political district in Austria. It is shown that <br/>geographic boundedness of the spillovers is linked to a decay effect. (authors' abstract)
    Original languageEnglish
    Place of PublicationVienna
    PublisherWU Vienna University of Economics and Business
    Publication statusPublished - 28 Dec 2000

    Publication series

    NameDiscussion Papers of the Institute for Economic Geography and GIScience
    No.73/00

    WU Working Paper Series

    • Discussion Papers of the Institute for Economic Geography and GIScience

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