Territorial Capital and Regional Growth: Increasing Returns in Cognitive Knowledge Use
AbstractKnowledge 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 InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 09-059/3.
Date of creation: 28 Jul 2009
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territorial; capital; regional growth; cognitive; knowledge; rivalry; R&D;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
- R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-11 (All new papers)
- NEP-CSE-2009-09-11 (Economics of Strategic Management)
- NEP-GEO-2009-09-11 (Economic Geography)
- NEP-HRM-2009-09-11 (Human Capital & Human Resource Management)
- NEP-KNM-2009-09-11 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2009-09-11 (Small Business Management)
- NEP-URE-2009-09-11 (Urban & Real Estate Economics)
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