Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212335 
Year of Publication: 
2015
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 27/2015
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper reviews academic research on the connections between agglomeration and innovation. We first describe the conceptual distinctions between invention and innovation. We then discuss how these factors are frequently measured in the data and note some resulting empirical regularities. Innovative activity tends to be more concentrated than industrial activity, and we discuss important findings from the literature about why this is so. We highlight the traits of cities (e.g., size, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these features (e.g., the localization of entrepreneurial finance).
JEL: 
J2
J6
L1
L2
L6
O3
R1
R3
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-079-8
Document Type: 
Working Paper

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