Territorial Capital and Regional Growth: Increasing Returns in Cognitive Knowledge Use

Roberta Capello (), Andrea Caragliu () and Peter Nijkamp
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Roberta Capello: Politecnico di Milano, Italy

No 09-059/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance across geographical units. This paper addresses this intriguing issue at the regional level, by highlighting both theoretically and empirically the strategic importance played by cognitive elements as part of “territorial capital” in mediating between knowledge production and regional growth. The main proposition of the paper, subject to empirical testing, is that cognitive elements as part of territorial capital magnify the contribution of knowledge by determining the formation of increasing returns to knowledge exploitation.

Keywords: territorial; capital; regional growth; cognitive; knowledge; rivalry; R&D (search for similar items in EconPapers)
JEL-codes: R11 R15 R28 R58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-geo, nep-hrm, nep-knm, nep-sbm and nep-ure
Date: 2009-07-28

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Persistent link: http://EconPapers.repec.org/RePEc:dgr:uvatin:20090059

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