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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2012

Finance

John Thornton

Knowledge spillovers

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Full-Text Articles in Social and Behavioral Sciences

Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas Dec 2011

Knowledge Spillovers And The Growth Of British Cities, John Thornton, Yener Altunbas

John Thornton

The relative importance of intra-industry or inter-industry knowledge spillovers for the growth of cities remains an open question. Using a unique data set on the growth of 109 British cities during 1951–1991, we find evidence suggesting that the most important knowledge spillovers occur between rather than within industries, which is consistent with Jacobs (1969, 1985).