Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/8052
Title: Are knowledge spillovers driving the convergence of productivity among firms?
Authors: Fung, MK 
Issue Date: 2005
Publisher: Wiley-Blackwell
Source: Economica, 2005, v. 72, no. 286, p. 287-305 How to cite?
Journal: Economica 
Abstract: This study evaluates the impact of knowledge spillovers on the convergence of productivity among firms. With the use of patent citation data, knowledge spillovers are decomposed into intra- and inter-industry spillovers, and internal knowledge flows, The findings from this study suggest that each firm is converging to its own steady-state productivity growth rate, which is conditional on the firm's R&D efforts and the intensity of intra-industry spillovers it receives. Moreover, if technology followers and leaders invest equally in R&D activities, the followers will eventually catch up with the leaders because the former tend to be the ones who receive knowledge spillovers from the latter.
URI: http://hdl.handle.net/10397/8052
ISSN: 0013-0427
DOI: 10.1111/j.0013-0427.2005.00415.x
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