Clusters of Innovation and Entrepreneurship Drive Economic Growth in Europe
Innovation and entrepreneurship play a big role in helping regions grow economically. This study looks at how regions with lots of innovative and entrepreneurial activity tend to grow faster than regions without. They also found that when economic activities are clustered together in certain regions, it can lead to even more growth. The researchers used data on innovation and entrepreneurship to see how they affect regional growth, and they found that regions with high levels of both tend to converge and grow together. This study provides insights into how different regions in Europe are developing and what factors are driving their economic growth.