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Increasing Return To Smart Cities

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  • Lööf, Hans

    () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Nabavi, Pardis

    () (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

Abstract

Increased urbanization, global warming and sustainable growth belong to the major contemporary policy challenges. Today cities are home to more than 50% of the world population, the largest 600 urban centers generate about 60% of global GDP, and the agglomerated areas are responsible for 75% of world carbon emissions. The UN estimates that 70% of the world's growing population will live in cities by 2050. At the same time the world population is expected to increase from 7 billion people to 9 billion. Thus, the total number of people living in cities will be almost doubled within a period of less than 4 decades. This paper discusses two hypotheses on how this will affect climate change and economic growth.

Suggested Citation

  • Lööf, Hans & Nabavi, Pardis, 2012. "Increasing Return To Smart Cities," Working Paper Series in Economics and Institutions of Innovation 274, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies, revised 26 Sep 2012.
  • Handle: RePEc:hhs:cesisp:0274
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    References listed on IDEAS

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    Cited by:

    1. Braunerhjelm, Pontus & Henrekson, Magnus, 2015. "An Innovation Policy Framework: Bridging the gap between industrial dynamics and growth," Working Paper Series in Economics and Institutions of Innovation 391, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Lööf, Hans & Nabavi, Pardis, 2013. "Learning and Productivity of Swedish Exporting Firms: The importance of Innovation Efforts and the Geography of Innovation," Working Paper Series in Economics and Institutions of Innovation 296, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

    More about this item

    Keywords

    Agglomeration economies; climate change; innovation; growth;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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