Citation

Discussion Paper Details

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Title: Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition

Author(s): David B Audretsch and Maryann P Feldman

Publication Date: September 1998

Keyword(s): Agglomeration, Economic Development, Geography, Growth, Innovation and Spillovers

Programme Area(s): Industrial Organization and International Trade and Regional Economics

Abstract: Whether diversity or specialization of economic activity better promotes technological change and subsequent economic growth has been the subject of a heated debate in the economics literature. The purpose of this paper is to consider the effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within a narrow concentrated set of economic activities is more conducive to knowledge spillovers or if diversity, by bringing together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity thesis but little support for the specialization thesis.

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Bibliographic Reference

Audretsch, D and Feldman, M. 1998. 'Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1980