Cognitive Capital and Islands of Innovation: The Lucas Growth Model from a Regional Perspective

Andrea Caragliu and Peter Nijkamp

No 11-116/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper led to an article in Regional Studies (2014). Volume 48, issue 4, pages 624-645.

Knowledge triggers regional growth. Evidence suggests that skilled labour force concentrates in islands of innovation, determining an advantage for innovative regions and a challenge for lagging ones. We address the role of knowledge in shaping effective markets for skilled labour. Estimates are based on the Lucas (1988) model, with EVS and EUROSTAT data. The externality driving growth in the model is cognitive capital. Empirical tests show that a higher endowment of cognitive capital generates increasing returns to knowledge, favouring the emergence of islands of innovation; regions with a high endowment of cognitive capital attract knowledge spillovers from neighbours.

Keywords: human capital; cognitive capital; knowledge spillovers; islands of innovation (search for similar items in EconPapers)
JEL-codes: C21 E24 R11 (search for similar items in EconPapers)
Date: 2011-08-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Cognitive Capital and Islands of Innovation: The Lucas Growth Model from a Regional Perspective (2020)
Journal Article: Cognitive Capital and Islands of Innovation: The Lucas Growth Model from a Regional Perspective (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20110116

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