Rodríguez-Pose, Andrés - In: Papers in Regional Science 80 (2001) 3, pp. 275-295
Is R&D investment in lagging areas worthwhile? There is no simple answer, nor is there universal theoretical agreement on the question. The Schumpeterian strand of the endogenous growth approach highlights the advantages of spatially concentrating the research and development (R&D) effort in a...