Innovation And The Growth Of Cities

Download or read book Innovation and the Growth of Cities written by Zoltán J. Ács and published by Edward Elgar Publishing. This book was released on 2002 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acs (business, U. of Baltimore), mixing concerns of Schumpeterian economics with issues of geography, argues that the driving motor of regional and economic growth is industrial innovation. He searches through the patent statistics of the United States searching for evidence of the shifts of knowledge bases between urban areas and compares the shifts with shifts in growth. Among the important facets of this process are the "spillover" of knowledge from universities to industry and the rate of new product innovation within industry. The empirical material is then used to point the way towards and economic model that combines Krugman's theory of initial conditions for spatial concentration of economic activities with the Romerian theory of endogenous economic growth. Annotation copyrighted by Book News, Inc., Portland, OR