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单词 spillover
释义
spillover

Geography
  • In economic geography, an overflow, or spreading, of information from elsewhere; an indirect, unpaid-for effect of economic activity (also called an externality), such as spillovers between university research and development, and firms (although Boders (2004) J. Econ. Geog. 4 reports that only regions with low R&D density benefit from interregional spillovers). Knowledge spillovers mean that firms can acquire knowledge and information created by others through expenditure on industrial R&D without payment. Movements of labour between firms, informal contacts, business meetings, close customer–producer relations, and face-to-face contacts are all mechanisms fostering spillovers; see Engelkstoft et al. (2006) Papers Reg. Sci. 85, 1. Adams (2002) J. Econ. Geog. 2 finds that academic spillovers are more localized than industrial spillovers.

    See proximity.


Economics
  • A connection between different parts of the economy. Spillovers may be pecuniary or non-pecuniary. A pecuniary spillover occurs, for example, when changes in one industry affect factor supplies to another: if a new factory bids up the wages of unskilled labour so that local people find cleaners or gardeners more expensive, this is a pecuniary spillover. Pecuniary spillovers produce their effects through markets. A non-pecuniary spillover occurs when one producer or consumer inflicts an externality on another: there is usually no market through which they can be paid not to do so. Non-pecuniary spillovers provide a prima facie case for government intervention, by regulation or taxation, whereas pecuniary spillovers do not, except on grounds of income distribution.


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