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Innovative Hubs Thrive on Diverse Talent and Neighboring Knowledge

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Knowledge Spillovers , Agglomeration Economies, and the Geography of Innovative Activity: A Spatial Econometric Analysis
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Innovative activity in cities is boosted by sharing knowledge with nearby cities. High-tech industries in a city benefit from both focusing on specific areas and having a variety of industries. Knowledge also spreads between cities, not just within them. Specializing in high-tech industries helps more locally than having a mix of industries.