@article {23526,
	title = {The Spillover Effect of Innovation on Economic Growth: Leader Effect vs. Peer Effect},
	journal = {Management Studies},
	volume = {7},
	year = {2019},
	pages = {601-608},
	abstract = {Innovation contributes to the long-term economic growth. From the perspective of externality by innovation, this paper disentangles the spillover effect based on the regions{\textquoteright} abundance of innovation resource and separately identifies the {\textquotedblleft}leader effect{\textquotedblright} and {\textquotedblleft}peer effect{\textquotedblright} of innovation spillover and discusses their economic consequences. Empirical results demonstrate a negative spillover effect from innovation leaders on the economic growth and a positive spillover effect from innovation peers. Robustness checks also support main findings. This study has implication both in the endogenous economic growth theory and industry innovation practice.},
	url = {http://www.davidpublisher.org/index.php/Home/Article/index?id=41698.html},
	author = {Bo Liao}
}
