Economic Growth and Linkage with Silicon Valley: The Cases of Austin and Boston

Repository

Economic Growth and Linkage with Silicon Valley: The Cases of Austin and Boston

Show full record

Title: Economic Growth and Linkage with Silicon Valley: The Cases of Austin and Boston
Author: Ayala, Sofía G.; Echeverri-Carroll, Elsie L.
Abstract: What creates growth in a local economy? Answers to this question have varied markedly over the last forty years. In the 1980s, the revolutionary concept that knowledge, rather than labor and physical capital, was the prime engine of economic growth. This idea prompted policy makers and analysts to associate local economic development with the exchange of ideas among educated workers living in a city. A study was conducted that supported the suggestion that local firms operating in cities with a large pool of scientists and engineers can innovate more readily, secure more patents, and therefore enjoy more rapid rates of technical progress and productivity growth. Nowhere is this more evident than in the Silicon Valley in California and Route 128 in Massachusetts. Part of Austin's success as an innovation center is due to its ability to capture a large share of the flow of ideas and knowledge emerging from Silicon Valley.
Department: IC2 Institute
Subject: Texas Austin, Texas Massachusetts Boston, Massachusetts California economic development Silicon Valley
URI: http://hdl.handle.net/2152/14917
Date: 2004-12

Files in this work

Download File: tbr-2004.12.pdf
Size: 151.0Kb
Format: application/pdf

This work appears in the following Collection(s)

Show full record


Advanced Search

Browse

My Account

Statistics

Information