by Gerald A. Carlino and Jake K. Carr – Business Review, Federal Reserve Bank of Philadelphia
The United States is home to some of the most innovative companies in the world, such as Apple, Facebook, and Google, to name a few. Inventive activity depends on research and development, and R&D depends on, among other things, the exchange of ideas among individuals. People’s physical proximity is a key ingredient in the innovation process.
The United States is home to some of the most innovative companies in the world, such as Apple, Facebook, and Google, to name a few. Inventive activity depends on research and development, and R&D depends on, among other things, the exchange of ideas among individuals. People’s physical proximity is a key ingredient in the innovation process.
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Clusters of Knowledge: R&D Proximity and the Spillover Effect
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source: http://www.philadelphiafed.org/research-and-data/publications/business-review/2013/