Ulltveit-Moe, Karen-Helene - C.E.P.R. Discussion Papers - 2004
take into account the importance of knowledge spillovers for productivity, industry location and policy. It is shown that … the effectiveness of different regional policy depends on (i) intra-industry knowledge spillovers, (ii) inter …-industry knowledge spillovers, and (iii) trade costs. Our analysis provides insight into what may be the reason for the lack of success …