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Territorial Capital and Regional Growth: Increasing Returns in Cognitive Knowledge Use

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Author Info

  • Roberta Capello

    ()
    (Politecnico di Milano, Italy)

  • Andrea Caragliu

    ()
    (Politecnico di Milano, Italy, VU University Amsterdam, The Netherlands)

  • Peter Nijkamp

    (VU University Amsterdam, The Netherlands)

Abstract

Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance across geographical units. This paper addresses this intriguing issue at the regional level, by highlighting both theoretically and empirically the strategic importance played by cognitive elements as part of “territorial capital” in mediating between knowledge production and regional growth. The main proposition of the paper, subject to empirical testing, is that cognitive elements as part of territorial capital magnify the contribution of knowledge by determining the formation of increasing returns to knowledge exploitation.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 09-059/3.

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Date of creation: 28 Jul 2009
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Handle: RePEc:dgr:uvatin:20090059

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Web page: http://www.tinbergen.nl

Related research

Keywords: territorial; capital; regional growth; cognitive; knowledge; rivalry; R&D;

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Cited by:
  1. d'Agostino, Giorgio & Scarlato, Margherita, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," MPRA Paper 31939, University Library of Munich, Germany.
  2. Amitrajeet Batabyal & Peter Nijkamp, 2010. "Richard Florida’s creative capital in a trading regional economy: a theoretical investigation," The Annals of Regional Science, Springer, vol. 44(2), pages 241-250, April.
  3. David B. Audretsch & Dirk Christian Dohse & Annekatrin Niebuhr, 2014. "Regional Unemployment Structure and New Firm Formation," Kiel Working Papers 1924, Kiel Institute for the World Economy.
  4. Karima Kourtit & Peter Nijkamp, 2013. "In Search Of Creative Champions In High-Tech Spaces: A Spatial Application Of Strategic Performance Management," Journal of Regional Science, Wiley Blackwell, vol. 53(5), pages 749-777, December.
  5. Andrea Caragliu & Peter Nijkamp, 2008. "The Impact of Regional Absorptive Capacity on Spatial Knowledge Spillovers," Tinbergen Institute Discussion Papers 08-119/3, Tinbergen Institute.
  6. R. Paci & E. Marrocu, 2012. "Knowledge assets and regional performance," Working Paper CRENoS 201213, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

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