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dc.creatorAyala, Sofía G.
dc.creatorEcheverri-Carroll, Elsie L.
dc.date.accessioned2012-02-22T19:06:06Z
dc.date.available2012-02-22T19:06:06Z
dc.date.created2004-12
dc.date.issued2012-02-22
dc.identifier.issn0040-4209
dc.identifier.urihttp://hdl.handle.net/2152/14917
dc.description.abstractWhat 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.en_US
dc.language.isoengen_US
dc.publisherBureau of Business Research, The University of Texas at Austinen_US
dc.relation.ispartofseriesTexas Business Review;
dc.subjectTexasen_US
dc.subjectAustin, Texasen_US
dc.subjectMassachusettsen_US
dc.subjectBoston, Massachusettsen_US
dc.subjectCaliforniaen_US
dc.subjecteconomic developmenten_US
dc.subjectSilicon Valleyen_US
dc.titleEconomic Growth and Linkage with Silicon Valley: The Cases of Austin and Bostonen_US
dc.typeJournalen_US
dc.description.departmentIC2 Instituteen_US


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