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Agglomeration and innovation

Gerald Carlino () and William Kerr ()

No 27/2015, Research Discussion Papers from Bank of Finland

Abstract: This paper reviews academic research on the connections between agglomeration and innovation. We first describe the conceptual distinctions between invention and innovation. We then discuss how these factors are frequently measured in the data and note some resulting empirical regularities. Innovative activity tends to be more concentrated than industrial activity, and we discuss important findings from the literature about why this is so. We highlight the traits of cities (e.g., size, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these features (e.g., the localization of entrepreneurial finance).

JEL-codes: J2 J6 L1 L2 L6 O3 R1 R3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-geo, nep-ino, nep-sbm, nep-tid and nep-ure
Date: 2015-12-11
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Related works:
Chapter: Agglomeration and Innovation (2015) Downloads
Working Paper: Agglomeration and innovation (2014) Downloads
Working Paper: Agglomeration and Innovation (2014) Downloads
Working Paper: Agglomeration and Innovation (2014) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bof:bofrdp:2015_027

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