The paper explores the role of institutional mechanisms in generating technological knowledge spillovers. The … and unpatented innovations, whereas prizes are less effective in generating external benefits from knowledge spillovers. I …

This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …