Rethinking High Tech in Texas: Policy Challenges
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Defining “high technology” is not easy. However, one component of defining it has been widely accepted: a high percentage of both R&D expenditures and engineers and scientists. The assumption here is that high-tech industries, because of their innovative nature, spend more on R&D and employ more skilled workers than other industries on average. This article analyzes the effect high technology has in metropolitan areas and the policy issues that surrounds high-tech industries.