INNOVATION, COOPETITION AND SPILLOVER EFFECTS IN EUROPEAN REGIONS

IF 2.6 3区 经济学 Q1 Business, Management and Accounting
Irina Alina Popescu, Paulo Jorge Reis Mourão, Y. Bilan
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引用次数: 0

Abstract

Innovation and investment are critical to economic growth. In this article, we address the complex task of evaluating the capacity of regional innovation to increase investment and generate spillovers in regions of the European Union (EU) from both spatial and temporal perspectives. Using panel data estimation methods and exploring the effects of dynamic spatial autocorrelation, our findings show a positive spatial autocorrelation at the level of EU regions. We also observed spatial competition, both in terms of the distribution of investments and in terms of the diffusion of short-term innovation gains. We argue that, in the short term, EU regions tend to behave as competitors for investment fixing, but in the long run, innovation has the potential to generate spillover effects on neighbouring regions. Furthermore, we find that investment patterns were characterized by a significant temporal autocorrelation, showing that shocks to investment in regions tend to be absorbed in a few periods. This paper attempts to fill existing gaps by using estimation methods for dynamic spatial panel data to identify and explore the effects of regional innovation on investment for the 154 European Union regions, and reports original findings as regards the knowledge spillover across European regions.
欧洲地区的创新、合作竞争和溢出效应
创新和投资对经济增长至关重要。在这篇文章中,我们从空间和时间两个角度探讨了评估区域创新在欧盟(EU)各地区增加投资和产生溢出效应的能力这一复杂任务。我们使用面板数据估算方法并探索动态空间自相关的影响,结果表明在欧盟地区层面上存在正的空间自相关性。我们还观察到了空间竞争,既体现在投资分布方面,也体现在短期创新收益的扩散方面。我们认为,从短期来看,欧盟各地区在投资固定化方面往往表现为竞争关系,但从长期来看,创新有可能对邻近地区产生溢出效应。此外,我们还发现,投资模式具有显著的时间自相关性,这表明对各地区投资的冲击往往会在几个时期内被吸收。本文试图利用动态空间面板数据的估算方法来识别和探讨欧盟 154 个地区的区域创新对投资的影响,从而填补现有空白,并报告了有关欧洲地区间知识溢出的原创性发现。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.80
自引率
3.80%
发文量
48
审稿时长
15 weeks
期刊介绍: The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.
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