Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition
Year: 1998
Type: article
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 e⁄ect of the composi-tion 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
Author: Maryann P. Feldman
Institution: University of North Carolina at Chapel Hill
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3125353041