This paper presents a multinomial extension of the binary probit model that allows for inter firm utility based on a spatially defined cohort of firms. Extending the class of Bayesian spatial logit/probit models, we investigate how firms decisions regarding innovation strategies are related to a...

This book offers a novel insight into the economic dynamics of modern biotechnology, using examples from Europe to reflect global trends. The authors apply theoretical insight to a fundamental enigma of the modern learning society, namely, how and why the development of knowledge and ideas...

This book begins with a theoretical examination of regional innovation systems, agglomeration economics and knowledge spillovers, before going on to examine the same concepts within an empirical framework. Special emphasis is given to the importance of proximity in the formation of regional...

<title>Abstract</title> First introduced in the field of economics of innovation by Anselin, Varga and Acs (1997), spatial econometric tools are increasingly used to study the geography of innovation. By taking spatial autocorrelation and spatial heterogeneity of regional innovation into account, this paper...