Knowledge spillovers boost regional productivity in Europe, study finds.
The article explores how knowledge sharing between regions affects productivity in Europe. By analyzing data from 203 regions over a 6-year period, the researchers found that cross-region knowledge spillovers significantly impact total factor productivity. This means that regions benefit from sharing knowledge with each other, leading to differences in how efficiently they turn resources into output. The study highlights the importance of knowledge capital in driving productivity growth and emphasizes the role of spatial factors in this process.