Chapter

R&D Spillovers, Entrepreneurship, and Growth<sup>1</sup>

Zoltan Acs

in Innovation and Growth

Published in print September 2012 | ISBN: 9780199646685
Published online January 2013 | e-ISBN: 9780191748998 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199646685.003.0012
R&D Spillovers, Entrepreneurship, and Growth1

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The purpose of this chapter is to catalogue the contribution of Jaffe Feldman Varga that simultaneously and independently sparked a search for the mechanism of knowledge spillovers. Building on the work of Griliches Adam Jaffe was the first to identify the extent to which university research spills over into the generation of commercial activity. Building on Jaffe’s work, Maryann Feldman at Carnegie Mellon University expanded the knowledge production function to innovative activity and incorporated aspects of the regional knowledge infrastructure. Attila Varga at West Virginia University extends the Jaffe-Feldman approach by focusing on a more precise measure of local geographic spillovers. Varga approaches the issue of knowledge spillovers from an explicit spatial econometric perspective. The Jaffe-Feldman-Varga spillovers take us a long way toward understanding the role of knowledge spillovers in technological change. Building on this foundation the model has been recently extended to identify entrepreneurship as a conduit through which knowledge spillovers contribute to economic growth.

Keywords: jaffe Feldman Varga; spillovers; technological change; knowledge production function

Chapter.  8152 words. 

Subjects: Financial Markets

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