The Role of Location in Knowledge Creation and Diffusion: Evidence of Centripetal and Centrifugal Forces in the City of London Financial Services Agglomeration

Gary A S Cook, Naresh R Pandit, Jonathan Beaverstock (), Peter J Taylor and Kathy Pain
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Gary A S Cook: Management School, University of Liverpool, Liverpool L69 7ZH, England
Naresh R Pandit: Norwich Business School, University of East Anglia, Norwich NR4 7TJ, England
Kathy Pain: The Young Foundation, 18 Victoria Park Square, London E2 9PF, England

Environment and Planning A, 2007, vol. 39, issue 6, 1325-1345

Abstract: In this paper we report on a major empirical study of centripetal and centrifugal forces in the City of London financial services agglomeration. The study sheds light on (1) the manner and magnitude of firm interaction in the agglomeration; (2) the characteristics of the agglomeration that aid the competitiveness of incumbent firms; and (3) the problems associated with agglomeration. In addressing these issues, we use the data to (1) test emerging theory that explains the high productivity and innovation of agglomerations in terms of their ability to generate and diffuse knowledge; and (2) evaluate the ‘end of geography’ thesis.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:39:y:2007:i:6:p:1325-1345

DOI: 10.1068/a37380

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