Agglomeration in an innovative and differentiated industry with heterogeneous knowledge spillovers |
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Authors: | Klaus Wersching |
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Institution: | (1) Department of Business Administration and Economics, Bielefeld University, P.O. Box 10 01 31, 33501 Bielefeld, Germany |
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Abstract: | This paper introduces an agent-based simulation model to study the technological development, the economic performance of
firms and the evolution of agglomerations in a differentiated industry. The analysis is based on the interaction and behavior
of firms, which might share knowledge but at the same time are competitors on the goods markets. Firms do not only compete
with quantities they can also introduce process and product innovations. The level of knowledge of a firm describes the capabilities
to perform innovations. Knowledge can be accumulated by investing in R&D and by knowledge spillover, which depend on geographical
and technological proximity. Simulation runs show that there is an incentive to agglomerate in young industries and that geographical
proximity enhances innovation, especially the number of product innovations.
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Keywords: | Innovation Agglomeration Knowledge spillover Agent-based simulation Industry dynamics |
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