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

dc.creatorAyala, Sofía G.en
dc.creatorEcheverri-Carroll, Elsie L.en
dc.date.accessioned2012-02-22T19:06:06Zen
dc.date.available2012-02-22T19:06:06Zen
dc.date.issued2004-12en
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
dc.description.departmentIC2 Instituteen
dc.identifier.issn0040-4209en
dc.identifier.urihttp://hdl.handle.net/2152/14917en
dc.language.isoengen
dc.publisherBureau of Business Research, The University of Texas at Austinen
dc.relation.ispartofseriesTexas Business Review;en
dc.subjectTexasen
dc.subjectAustin, Texasen
dc.subjectMassachusettsen
dc.subjectBoston, Massachusettsen
dc.subjectCaliforniaen
dc.subjecteconomic developmenten
dc.subjectSilicon Valleyen
dc.titleEconomic Growth and Linkage with Silicon Valley: The Cases of Austin and Bostonen
dc.typeJournalen
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