The knowledge spillover of innovation

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