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

Author

Listed:
  • 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

This discussion paper resulted in an article in Tijdschrift voor Economische en Sociale Geografie (2011). Volume 102(4), pages 385-405. 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.

Suggested Citation

  • Roberta Capello & Andrea Caragliu & Peter Nijkamp, 2009. "Territorial Capital and Regional Growth: Increasing Returns in Cognitive Knowledge Use," Tinbergen Institute Discussion Papers 09-059/3, Tinbergen Institute.
  • Handle: RePEc:tin:wpaper:20090059
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. David B. Audretsch & Dirk Dohse & Annekatrin Niebuhr, 2015. "Regional unemployment structure and new firm formation," Papers in Regional Science, Wiley Blackwell, vol. 94, pages 115-138, November.
    2. repec:sgh:gosnar:y:2018:i:3:p:5-22 is not listed on IDEAS
    3. 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.
    4. Giorgio d'Agostino & Margherita Scarlato, 2015. "Innovation, Socio-institutional Conditions and Economic Growth in the Italian Regions," Regional Studies, Taylor & Francis Journals, vol. 49(9), pages 1514-1534, September.
    5. Bogdanov, Natalija & Janković, Dejan, 2013. "Territorial Capital Of Rural Areas: An Example Of Analysis Of The Potential For Rural Tourism Development In Serbia," Agri-Food Sector in Serbia: State and Challenges, Serbian Association of Agricultural Economists, number 157552 edited by Škorić, Dragan & Tomić, Danilo & Popović, Vesna, December.

    More about this item

    Keywords

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

    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

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