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| Arnaud Bourgain and Patrice Pieretti |
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| ''Measuring Technological Spillovers in a Financial Center by using “Feder” Model'' |
| ( 2007, Vol. 18 No.8 ) |
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| The aim of this paper is to measure technological spillovers between banking activities and non financial activities and in particular market services related to finance. The econometric estimations are realized within a dynamic framework due to Feder (1982). For that purpose, we use data for Luxembourg. Due to its very small-size and to the importance of its international banking center, this country suits well for analyzing spatially-mediated externalities. The empirical estimations show significant technological externalities from the financial services industry to non-financial market services and in particular to Computer Activities and Business Services. |
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| Keywords: Agglomeration Effects |
JEL: R1 - General Regional Economics (includes Regional Data)
L8 - Industry Studies: Services: General |
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| Manuscript Received : Dec 10 2007 | | Manuscript Accepted : Dec 13 2007 |
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