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UID:calendar.136894.field_date.0@www.tse-fr.eu
DTSTAMP:20260414T112647Z
CREATED:20250225T081001Z
DESCRIPTION:Marta Prato (Bocconi University)\, “The Geography of Innovative
  Firms”\, Macroeconomics Seminar\, TSE\, April 1\, 2025\, 14:00–15:30\, ro
 om Auditorium 4.\n\nFirms that spread innovation activities across multipl
 e local markets account for most U.S. innovation output. How does this geo
 graphical structure influence aggregate innovation and growth? Should gove
 rnments encourage innovative firms to expand their geographical reach to m
 ore local markets? To answer these questions\, we develop an endogenous gr
 owth model that incorporates multi-market innovative firms and local knowl
 edge spillovers across innovative plants. We show that firms may be either
  overly concentrated or excessively dispersed across locations\, depending
  on the elasticity of innovation to R&D inputs and the sensitivity of know
 ledge diffusion to a firm’s local presence. Estimating the model using dat
 a on firm R&D locations\, patents\, and citation networks\, we find that i
 nnovative U.S. firms are excessively geographically concentrated. Our quan
 titative analysis suggests that financial incentives for broader geographi
 cal expansion could be more effective than a standard R&D subsidy in promo
 ting growth.  Moreover\, in contrast to the regressive nature of a standar
 d R&D subsidy\, such incentives may help reduce regional disparities. (joi
 nt work with Craig A. Chikis and Benny Kleinman.)
DTSTART;TZID=Europe/Paris:20250401T150000
DTEND;TZID=Europe/Paris:20250401T163000
LAST-MODIFIED:20260113T095129Z
LOCATION:TSE\, April 1\, 2025\, 14:00–15:30\, room Auditorium 4
SUMMARY:Macroeconomics Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2025-geography-innovative-firms
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