IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i15p6537-d1446585.html
   My bibliography  Save this article

The Impact of Knowledge Spillovers on Economic Growth from a National Perspective: A Comprehensive Analysis

Author

Listed:
  • Adriana Arcos-Guanga

    (Facultad de Ingeniería y Ciencias Aplicadas, Carrera de Ingeniería Industrial, Universidad de Las Américas, Quito 170125, Ecuador)

  • Omar Flor-Unda

    (Facultad de Ingeniería y Ciencias Aplicadas, Carrera de Ingeniería Industrial, Universidad de Las Américas, Quito 170125, Ecuador)

  • Sylvia Novillo-Villegas

    (Facultad de Ingeniería y Ciencias Aplicadas, Carrera de Ingeniería Industrial, Universidad de Las Américas, Quito 170125, Ecuador
    Intelligent and Interactive Systems Laboratory, Universidad de Las Américas, Quito 170125, Ecuador)

  • Patricia Acosta-Vargas

    (Facultad de Ingeniería y Ciencias Aplicadas, Carrera de Ingeniería Industrial, Universidad de Las Américas, Quito 170125, Ecuador
    Intelligent and Interactive Systems Laboratory, Universidad de Las Américas, Quito 170125, Ecuador)

Abstract

Knowledge spillovers, driven by development and research projects, are crucial in generating new companies and services. They enhance innovation, improve competitiveness, and sustain the economic growth of nations. Hence, this paper aims to examine the relationship between knowledge spillovers and economic growth. It offers a comprehensive review of the scientific literature on the relationship between knowledge spillovers and economic growth, investigating the impact of economic cycles on knowledge spillover. Doing this provides valuable insights into how to leverage them at the different stages of the economic cycle. Hence, a PRIMA systematic review was conducted. Articles from the last 15 years were analyzed from repositories and scientific databases with a Cohen’s kappa coefficient of 0.8902. This review identifies and presents a systematic analysis of the impacts of favoring and hindering knowledge spillovers in the economic growth of a nation. These effects offer greater resilience to a nation after periods of recession. In addition, the case study of three countries is presented to illustrate the findings from the review. The results show that better utilizing knowledge spillovers to enhance economic growth depends on a functional compromise between the university, industry, and governments to understand and commit to knowledge-based economic development. Our study has implications for policymakers who aim to boost economic growth by promoting knowledge spillovers.

Suggested Citation

  • Adriana Arcos-Guanga & Omar Flor-Unda & Sylvia Novillo-Villegas & Patricia Acosta-Vargas, 2024. "The Impact of Knowledge Spillovers on Economic Growth from a National Perspective: A Comprehensive Analysis," Sustainability, MDPI, vol. 16(15), pages 1-24, July.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:15:p:6537-:d:1446585
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/15/6537/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/15/6537/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Czarnitzki, Dirk & Doherr, Thorsten & Hussinger, Katrin & Schliessler, Paula & Toole, Andrew A., 2016. "Knowledge Creates Markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship," European Economic Review, Elsevier, vol. 86(C), pages 131-146.
    2. Cristiano Antonelli, 2009. "The economics of innovation: from the classical legacies to the economics of complexity," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 611-646.
    3. Lee, Changyong & Kwon, Ohjin & Kim, Myeongjung & Kwon, Daeil, 2018. "Early identification of emerging technologies: A machine learning approach using multiple patent indicators," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 291-303.
    4. Barbieri, Nicolò & Marzucchi, Alberto & Rizzo, Ugo, 2020. "Knowledge sources and impacts on subsequent inventions: Do green technologies differ from non-green ones?," Research Policy, Elsevier, vol. 49(2).
    5. Lee, Gwanghoon, 2006. "The effectiveness of international knowledge spillover channels," European Economic Review, Elsevier, vol. 50(8), pages 2075-2088, November.
    6. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    7. Franz Tödtling & Peter Prud'homme van Reine & Steffen Dörhöfer, 2011. "Open Innovation and Regional Culture—Findings from Different Industrial and Regional Settings," European Planning Studies, Taylor & Francis Journals, vol. 19(11), pages 1885-1907, January.
    8. Ronja Kirschning & Matthias Mrożewski, 2023. "The role of entrepreneurial absorptive capacity for knowledge spillover entrepreneurship," Small Business Economics, Springer, vol. 60(1), pages 105-120, January.
    9. Barro, Robert J, 1999. "Notes on Growth Accounting," Journal of Economic Growth, Springer, vol. 4(2), pages 119-137, June.
    10. Marcel Hülsbeck & Erik Lehmann & Alexander Starnecker, 2013. "Performance of technology transfer offices in Germany," The Journal of Technology Transfer, Springer, vol. 38(3), pages 199-215, June.
    11. Christine Gulbranson & David Audretsch, 2008. "Proof of concept centers: accelerating the commercialization of university innovation," The Journal of Technology Transfer, Springer, vol. 33(3), pages 249-258, June.
    12. Börje Johansson & Charlie Karlsson & Roger Stough (ed.), 2006. "The Emerging Digital Economy," Advances in Spatial Science, Springer, number 978-3-540-34488-9, december.
    13. David B. Audretsch & Erik E. Lehmann & Albert N. Link & Alexander Starnecker (ed.), 2012. "Technology Transfer in a Global Economy," International Studies in Entrepreneurship, Springer, edition 127, number 978-1-4614-6102-9, November.
    14. Schaeffer, Paola Rücker & Guerrero, Maribel & Fischer, Bruno Brandão, 2021. "Mutualism in ecosystems of innovation and entrepreneurship: A bidirectional perspective on universities’ linkages," Journal of Business Research, Elsevier, vol. 134(C), pages 184-197.
    15. Janet Bercovitz & Maryann Feldman, 2006. "Entpreprenerial Universities and Technology Transfer: A Conceptual Framework for Understanding Knowledge-Based Economic Development," The Journal of Technology Transfer, Springer, vol. 31(1), pages 175-188, January.
    16. Bodas Freitas, Isabel Maria & Geuna, Aldo & Rossi, Federica, 2013. "Finding the right partners: Institutional and personal modes of governance of university–industry interactions," Research Policy, Elsevier, vol. 42(1), pages 50-62.
    17. Börje Johansson & Charlie Karlsson & Roger R. Stough, 2006. "Entrepreneurship, Clusters and Policy in the Emerging Digital Economy," Advances in Spatial Science, in: Börje Johansson & Charlie Karlsson & Roger Stough (ed.), The Emerging Digital Economy, chapter 1, pages 1-19, Springer.
    18. Juan Pablo Diánez-González & Carmen Camelo-Ordaz & Mariluz Fernández-Alles, 2021. "Drivers and implications of entrepreneurial orientation for academic spin-offs," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 1007-1035, June.
    19. Mario Cervantes & Dirk Meissner, 2014. "Commercialising Public Research under the Open Innovation Model: New Trends," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 8(3), pages 70-81.
    20. Witell, Lars & Snyder, Hannah & Gustafsson, Anders & Fombelle, Paul & Kristensson, Per, 2016. "Defining service innovation: A review and synthesis," Journal of Business Research, Elsevier, vol. 69(8), pages 2863-2872.
    21. repec:dau:papers:123456789/13785 is not listed on IDEAS
    22. Blanes i Vidal, Jordi & Kirchmaier, Tom & Battiston, Diego, 2017. "Is Distance Dead? Face-to-Face Communication and Productivity in Teams," CEPR Discussion Papers 11924, C.E.P.R. Discussion Papers.
    23. Nguyen, Canh Phuc & Doytch, Nadia, 2022. "The impact of ICT patents on economic growth: An international evidence," Telecommunications Policy, Elsevier, vol. 46(5).
    24. Peter Thompson, 2006. "Patent Citations and the Geography of Knowledge Spillovers: Evidence from Inventor- and Examiner-added Citations," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 383-388, May.
    25. Åstebro, Thomas & Bazzazian, Navid & Braguinsky, Serguey, 2012. "Startups by recent university graduates and their faculty: Implications for university entrepreneurship policy," Research Policy, Elsevier, vol. 41(4), pages 663-677.
    26. David B. Audretsch & Erik E. Lehmann & Albert N. Link & Alexander Starnecker, 2012. "Introduction: Technology Transfer in the Global Economy," International Studies in Entrepreneurship, in: David B. Audretsch & Erik E. Lehmann & Albert N. Link & Alexander Starnecker (ed.), Technology Transfer in a Global Economy, edition 127, chapter 0, pages 1-9, Springer.
    27. Daniel Nepelski & Giuseppe Piroli, 2018. "Organizational diversity and innovation potential of EU-funded research projects," The Journal of Technology Transfer, Springer, vol. 43(3), pages 615-639, June.
    28. David Mowery, 2011. "Nanotechnology and the US national innovation system: continuity and change," The Journal of Technology Transfer, Springer, vol. 36(6), pages 697-711, December.
    29. Fernández-Esquinas, Manuel & Pinto, Hugo & Yruela, Manuel Pérez & Pereira, Tiago Santos, 2016. "Tracing the flows of knowledge transfer: Latent dimensions and determinants of university–industry interactions in peripheral innovation systems," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 266-279.
    30. Niels Stijn & Frank J. Rijnsoever & Martine Veelen, 2018. "Exploring the motives and practices of university–start-up interaction: evidence from Route 128," The Journal of Technology Transfer, Springer, vol. 43(3), pages 674-713, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Conor O’Kane & James A. Cunningham & Matthias Menter & Sara Walton, 2021. "The brokering role of technology transfer offices within entrepreneurial ecosystems: an investigation of macro–meso–micro factors," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1814-1844, December.
    2. Fischer, Bruno Brandão & Moraes, Gustavo Hermínio Salati Marcondes de & Schaeffer, Paola Rücker, 2019. "Universities' institutional settings and academic entrepreneurship: Notes from a developing country," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 243-252.
    3. Ruoying Zhou & Ning Baines, 2024. "To what extent do universities’ formal and informal knowledge exchange activities interact: evidence from UK HE-BCI survey," The Journal of Technology Transfer, Springer, vol. 49(4), pages 1145-1175, August.
    4. Catalina Martínez & Valerio Sterzi, 2021. "The impact of the abolishment of the professor’s privilege on European university-owned patents," Industry and Innovation, Taylor & Francis Journals, vol. 28(3), pages 247-282, March.
    5. Su, Hsin-Ning, 2017. "Collaborative and Legal Dynamics of International R&D- Evolving Patterns in East Asia," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 217-227.
    6. Ricardo Moutinho & Manuel Au-Yong-Oliveira & Arnaldo Coelho & José Pires Manso, 2016. "Determinants of knowledge-based entrepreneurship: an exploratory approach," International Entrepreneurship and Management Journal, Springer, vol. 12(1), pages 171-197, March.
    7. Martin Andersson & Börje Johansson, 2008. "Innovation Ideas and Regional Characteristics: Product Innovations and Export Entrepreneurship by Firms in Swedish Regions," Growth and Change, Wiley Blackwell, vol. 39(2), pages 193-224, June.
    8. Abdulqadir, Idris A. & Asongu, Simplice A., 2022. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 44-61.
    9. Tobias Schlegel & Curdin Pfister & Dietmar Harhoff & Uschi Backes-Gellner, 2022. "Innovation effects of universities of applied sciences: an assessment of regional heterogeneity," The Journal of Technology Transfer, Springer, vol. 47(1), pages 63-118, February.
    10. Richard Fabling & Steven Stillman & David C. Maré, 2011. "Immigration and Innovation," Working Papers 11_05, Motu Economic and Public Policy Research.
    11. Nicola Francesco Dotti & André Spithoven, 2017. "Spatial perspectives on knowledge brokers: Evidence from Brussels," Environment and Planning A, , vol. 49(10), pages 2203-2222, October.
    12. Robert J. Stimson, 2014. "Proximity and endogenous regional development," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 1, pages 47-93, Edward Elgar Publishing.
    13. Graf, Holger & Broekel, Tom, 2020. "A shot in the dark? Policy influence on cluster networks," Research Policy, Elsevier, vol. 49(3).
    14. Stenberg, Peter L., 2014. "The Farm Bill and Rural Economies: Broadband Investment Over the last Decade," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 173277, Agricultural and Applied Economics Association.
    15. Broström, Anders & Baltzopoulos, Apostolos, 2013. "Higher education experiences and new venture performance," Working Paper Series in Economics and Institutions of Innovation 321, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    16. Karlsson, Charlie & Johansson, Börje, 2006. "Regional Development and Knowledge," Working Paper Series in Economics and Institutions of Innovation 76, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    17. Belitski, Maksim & Aginskaja, Anna & Marozau, Radzivon, 2019. "Commercializing university research in transition economies: Technology transfer offices or direct industrial funding?," Research Policy, Elsevier, vol. 48(3), pages 601-615.
    18. Abdulqadir, Idris & Asongu, Simplice, 2021. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa: Insight from a dynamic panel threshold regression," MPRA Paper 109904, University Library of Munich, Germany.
    19. Börje Johansson & Johan Klaesson, 2011. "Creative Milieus in the Stockholm Region," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 23, Edward Elgar Publishing.
    20. Christoph Kober, 2010. "Enhancing Knowledge-Based Regional Economic Development: Potentials and Barriers for Technology Transfer Offices," NEURUS papers neurusp139, NEURUS - Network of European and US Regional and Urban Studies.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:15:p:6537-:d:1446585. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.