Scholars worldwide have provided both theoretical and empirical insights into financial market contagion. The devastation from the recent financial crisis is immeasurable, and researchers commonly believe that the crisis seemingly originated from the U.S. and spread immediately to the other...

The focus of this paper is on the question of how new industries originate in places. There is often confusion between the process of diffusion and the locational factors that give rise to early stage creative discovery. There is a long and distinguished literature that considers the diffusion...

Large media clusters have emerged in a limited number of large cities, characterizing the geographical concentration of the global media industry. This paper starts by exploring the effect of the rapid advancement of Information and Communication Technologies (ICT) had on the media economy. It...

It is well known that exporters are productive firms. But the source of their productivity is left unexplained. This paper aims to endogenize the productivity heterogeneity of exporting firms by incorporating innovation in a structural model framework. In doing so, we close the gap between the...

This article investigates the dynamic relationship between a single pursue of an invention and the general US supply of similar activities in early computing during the 1930-1946 period. The objective is to illustrate how an early scientific state of knowledge affects the efficiency with which...

We develop a model to account for the long memory property in a bivariate count data framework. We propose a bivariate integer-valued fractional integrated (BINFIMA) model and apply the model to high frequency stock transaction data. The BINFIMA model allows for both positive and negative...

Multinational firms (MNFs) have been shown to have a set of defining characteristics. Compared to domestic firms, they have a larger fraction of skilled workers, higher R&D to sales ratios and established networks to knowledge sources in several different countries. As illustrated by the...

This paper analyses the effect of variety and intensity of knowledge on the innovative capability of regions. Employing data for Swedish functional regions, the paper tests the role of the variety (related and unrelated) and intensity of (i) internal knowledge generated within the region and...

This paper argues that the location of manufacturing is gradually shifting to the west again, i.e. Manufacturing Renaissance. Such claim is based on the recent observed trend and the discussion is contextualized within the established theory that has been able to explain the location of...

This paper uses path dependence as an interpretive lens to examine the relationship between innovative entrepreneurship and regional development. A literature review of path dependence explains why that concept is relevant for this paper. The paper reaches four conclusions about the...