Thriving Cities Powered by Knowledge-Driven Businesses, Boosting Urban Prosperity
The article explores how clustering of knowledge-intensive businesses in cities affects the quality of economic growth. By analyzing data and using statistical models, the researchers found that areas with more knowledge-intensive businesses tend to have better economic growth. This effect also spreads to nearby areas, boosting overall urban development. The impact of these businesses on economic growth quality varies depending on location and time. Overall, the concentration of knowledge-intensive businesses in cities helps improve economic growth quality through positive external influences.