Innovation Seminar Series

Knowledge Spillovers, Firm Creation & Firm Location in the US Biotech Industry

Presented by Dr. Nicholas Kalaitzandonakes, Agricultural & Applied Economics, University of Missouri

Abstract

The presentation explores the impact of knowledge spillovers on the clustering and creation of firms in the US biotech industry. In doing so, it addresses empirically the following questions: 1. Do knowledge spillovers impact the performance of US biotech firms in a measurable way? 2. If so, by how much and how far (geographically) do such impacts extend? 3. Do knowledge spillovers matter on the chance of firm creation and/or on firm location choice? In answering these questions, the presentation also explores the potential agglomeration of the US biotech industry in the future and its implications on innovation performance and competitiveness.