Diversity boosts local industry growth, while specialization hinders progress in Italy.
The article explores how different factors influence local economic growth in Italy. By analyzing data from various regions and sectors, the researchers found that not all areas experience growth in the same way. They discovered that diversity in industries can have a positive impact on growth, while too much specialization can hinder it. Factors like human capital, social environment, and networks also play a role in local economic development. Additionally, they found evidence of spatial patterns in economic growth, suggesting that neighboring regions can influence each other's growth.