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Agglomeration and innovation

Gerald Carlino () and William Kerr ()

No 14-26, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Draft chapter for the forthcoming Handbook of Regional and Urban Economics, Vols. 5A and 5B This paper reviews academic research on the connections between agglomeration and innovation. The authors first describe the conceptual distinctions between invention and innovation. They 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 the authors discuss important findings from the literature about why this is so. The authors highlight the traits of cities (e.g., size, industrial diversity) that theoretical and empirical work link to innovation, and they discuss factors that help sustain these features (e.g., the localization of entrepreneurial finance).

Keywords: Agglomeration; Clusters; Innovation; Invention; Entrepreneurship (search for similar items in EconPapers)
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-lma, nep-sbm and nep-ure
Date: 2014-08-01
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Related works:
Chapter: Agglomeration and Innovation (2015) Downloads
Working Paper: Agglomeration and innovation (2015) Downloads
Working Paper: Agglomeration and Innovation (2014) Downloads
Working Paper: Agglomeration and Innovation (2014) Downloads
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