Whether this indirect effect causes an overshifting or undershifting of price depends upon the level of spillovers. |
The informal tables and chairs are decorous spillovers from the rather more rigidly organized cafeteria which looks over the space through a glass wall. |
Second, there are positive spillovers in the form of increased social capital for communities when residents are homeowners. |
Additional linkages may arise due to information spillovers, whereby industrial clustering may lead to the improved flow of information between local firms. |
Given the likely significance of knowledge spillovers across industries it is important to use an economy wide measure of the patent rate. |
This acceleration provides evidence consistent with the spillovers from information technologies into non-IT industries. |