@article{Raspe:132349,
      recid = {132349},
      author = {Raspe, Otto and van Oort, Frank},
      title = {Firm Growth and Localized Knowledge Externalities},
      journal = {Journal of Regional Analysis and Policy},
      address = {2008},
      number = {1100-2016-90008},
      pages = {17},
      year = {2008},
      abstract = {A lively debate in the literature focuses on the potential  for a firm to profit from a loca-tion in a knowledge  intensive context. If localized knowledge spillovers are  important, firms tend to locate in proximity to capitalize  on the knowledge stock of each other and knowledge  institutions. We apply econometric modeling techniques that  enable us to model firm level survival and (subsequent)  employment growth simultaneously with different types of  locally endowed knowledge externalities. We define the  latent contextual concept of ‘knowledge economy’ using  three manifest (measurable) dimensions. Based on the  knowledge economy li-terature, we not only focus on  technological externalities (‘R&D’), but we value  complementa-ry indicators like the successful introduction  of new products and services to the market (‘in-novation’)  and indicators of skills of employees ('knowledge  workers'). The latter contains the use of ICT, educational  level of the workforce, and communicative and creative  skills. We use employment data for manufacturing and  business services firms stemming from a micro data-set of  approximately 62.000 firms in the Netherlands in the period  2001-2006. We conclude on the size and knowledge related  composition of the contextual effects, in which the  innovation dimension turns out to be most robustly related  to firm-level economic growth.},
      url = {http://ageconsearch.umn.edu/record/132349},
      doi = {https://doi.org/10.22004/ag.econ.132349},
}