Investment decision andthe spatial dimension : Evidence from firm level data

Bertinelli, Luisito;Nicolini, Rosella
(2002)

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  • Bertinelli, Luisito
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  • Nicolini, Rosella
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Abstract
This paper proposes to investigate the effect of spillovers on location decision of firms. We develop an analysis merging the geographer toolbox with the standard econometric techniques. For a chosen sample of sectors, through the spatial data analysis, we test the existence of positive spatial autocorrelation for R&D investments that lead R&D expenditure to cluster. Moreover, we succeed in detecting in how far the local environment may influence the firm decisions in R&D. Data confirm that the proximity to other firms investing in R&D may produce positive externalities. Finally, the diversity vs. specialization debate is tackled.
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Bertinelli, L., & Nicolini, R. (2002). Investment decision andthe spatial dimension : Evidence from firm level data (ECON Working Papers 2002/07). https://hdl.handle.net/2078.5/35634