Localization, knowledge spillover, and R&D investment: Evidence of Chinese cities
We develop a simple Cournot type, two-stage competition model that reveals that firms tend to reduce their R&D investment more in denser locations than in lesser ones with the presence of knowledge spillover. This implies that local agglomeration increases the negative impact of knowledge spillo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-08-01
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| Series: | Journal of Urban Management |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2226585619300597 |