Richard Florida – How To Build …

Technological innovation is a key factor – if not the key factor – in economic growth and job generation. But in today’s knowledge economy, the capacity to innovate and generate new high-tech industries and jobs is much more concentrated and clustered in some places than others. Why? That’s a question that has long vexed economists and policy-makers. A new study focusing on the key concept of “innovation productivity” offers a new take on this question. The authors — my University of Toronto colleagues Ajay Agrawal and Alberto Galasso, Boston University’s Iain M. Cockburn, and Georgia Institute of Technology’s Alexander Oettl — previewed their research on the VoxEU blog in late December.  Full article