Jurisdictional Advantage

Maryann Feldman and Roger Martin

No 10802, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Our objective in this paper is to define jurisdictional advantage, the recognition that location is critical to firms' innovative success and that every location has unique assets that are not easily replicated. The purpose is to be normative and policy oriented. Drawing from the well-developed literature on corporate strategy, we consider analogies to cities in their search for competitive advantage. In contrast to the more passive term locational advantage, our use of the term jurisdiction denotes geographically-defined legal and political decision-making authority and coordination. Thus, jurisdictions may be constructed and managed to promote a coherent activity set. We review recent advances in our understanding of patterns of urban specialization and the composition of activities within cities, which suggest strategies that may generate economic growth as well as those strategies to avoid. This paper then considers the role of firms and their responsibility to jurisdictions in light of the net benefits received from place-specific externalities, and concludes by considering the challenges to implementing jurisdictional advantage.

JEL-codes: O1 R3 R5 (search for similar items in EconPapers)
Date: 2004-10
New Economics Papers: this item is included in nep-geo and nep-ure
Note: PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published as Feldman, Maryann and Roger Martin. "Constructing Jurisdictional Advantage," Research Policy, 2005, v34(8,Oct), 1235-1249.
Published as Jurisdictional Advantage , Maryann Feldman, Roger Martin. in Innovation Policy and the Economy, Volume 5 , Jaffe, Lerner, and Stern. 2005

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