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The knowledge spillover of innovation
[Resource and output trends in the United States since 1870]

Author

Listed:
  • David B Audretsch
  • Maksim Belitski

Abstract

This study advances our understanding of knowledge spillover of innovation, putting a firm’s own R&D investment and knowledge spillovers to a competitive test. We use three matched databases of 15,430 firms in the United Kingdom (UK) during the period 2002–2014 in order to demonstrate that knowledge spillovers emanating from R&D investment within and between industries have different effects on innovation compared to imitation and that the ability to access spillover is conditional on the firm’s own investment in R&D. This study furthers our understanding in two different ways. Firstly, it supports the two faces of the R&D story. Second, it demonstrates that the relationship between knowledge spillover and firm innovation depends on the firm’s own investment in R&D and reveals the positive effects of knowledge transfer as well as factors limiting the use of spillovers such as industry competition, transaction costs, and eventually innovation type.

Suggested Citation

  • David B Audretsch & Maksim Belitski, 2022. "The knowledge spillover of innovation [Resource and output trends in the United States since 1870]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(6), pages 1329-1357.
    • Handle: RePEc:oup:indcch:v:31:y:2022:i:6:p:1329-1357.
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    Cited by:

    1. You, Li & Zhang, Zongyi & Wang, Wei & Zhao, Xuezhou, 2024. "Learning from innovation award winners? Technology spillovers and firm innovation," International Review of Financial Analysis, Elsevier, vol. 92(C).
    2. David B. Audretsch & Maksim Belitski & Farzana Chowdhury, 2024. "Knowledge investment and search for innovation: evidence from the UK firms," The Journal of Technology Transfer, Springer, vol. 49(4), pages 1387-1410, August.
    3. Kraft, Kornelius & Rammer, Christian, 2023. "Intended and unintended knowledge spillovers in innovation," ZEW Discussion Papers 23-015, ZEW - Leibniz Centre for European Economic Research.
    4. Sohail, Kanza & Belitski, Maksim & Castro Christiansen, Liza, 2023. "Developing business incubation process frameworks: A systematic literature review," Journal of Business Research, Elsevier, vol. 162(C).
    5. Becker, Bettina & Roper, Stephen & Vanino, Enrico, 2023. "Assessing innovation spillovers from publicly funded R&D and innovation support: Evidence from the UK," Technovation, Elsevier, vol. 128(C).
    6. Audretsch, David B. & Belitski, Maksim & Theodoraki, Christina, 2024. "Micro and macro factors of firm scaling," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    7. David B. Audretsch & Maksim Belitski & Rosa Caiazza & Farzana Chowdhury & Matthias Menter, 2023. "Entrepreneurial growth, value creation and new technologies," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1535-1551, October.
    8. Audretsch, David B. & Belitski, Maksim, 2024. "Knowledge collaboration, firm productivity and innovation: A critical assessment," Journal of Business Research, Elsevier, vol. 172(C).

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    More about this item

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation

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