Knowledge, Innovation and Economic Growth: Spatial Heterogeneity in Europe
نویسندگان
چکیده
This paper aims at re-assessing the relationship between innovation and economic growth by questioning the view equating knowledge to innovation and to regional growth. We rather propose that these linkages are highly differentiated at the regional level and explore this relationship for 262 NUTS2 European regions. Our results confirm that knowledge and innovation are both important drivers of economic growth. However, this hides a larger territorial heterogeneity. Whereas the growth benefits accruing from knowledge look rather selective and concentrated, the growth benefits accruing from innovation look greater and do not always match the strength of the formal local knowledge basis. JEL codes: R11, O30
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