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Territorial Capital and Regional Growth

Tinbergen Institute Discussion Paper 09-059/3

24 Pages Posted: 9 Aug 2009  

Roberta Capello

Polytechnic University of Milan

Andrea Caragliu

VU University Amsterdam

Peter Nijkamp

VU University of Amsterdam - Department of Spatial Economics; Tinbergen Institute - Tinbergen Institute Amsterdam (TIA)

Date Written: July 16, 2009

Abstract

Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance across geographical units. This paper addresses this intriguing issue at the regional level, by highlighting both theoretically and empirically the strategic importance played by cognitive elements as part of 'territorial capital' in mediating between knowledge production and regional growth. The main proposition of the paper, subject to empirical testing, is that cognitive elements as part of territorial capital magnify the contribution of knowledge by determining the formation of increasing returns to knowledge exploitation.

Keywords: territorial, capital, regional growth, cognitive, knowledge, rivalry, R&D

JEL Classification: R110, R103, R150, R280, R580

Suggested Citation

Capello, Roberta and Caragliu, Andrea and Nijkamp, Peter, Territorial Capital and Regional Growth (July 16, 2009). Tinbergen Institute Discussion Paper 09-059/3. Available at SSRN: https://ssrn.com/abstract=1443830 or http://dx.doi.org/10.2139/ssrn.1443830

Roberta Capello (Contact Author)

Polytechnic University of Milan ( email )

Piazza Leonardo da Vinci
Milan, Milano 20100
Italy

Andrea Caragliu

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, ND North Holland 1081 HV
Netherlands

Peter Nijkamp

VU University of Amsterdam - Department of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands
+31 20 4446091 (Phone)
+31 20 4445611 (Fax)

Tinbergen Institute - Tinbergen Institute Amsterdam (TIA)

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

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