Since the Lisbon agenda in 2000, Europe stated the goal to become the most advanced knowledge economy in the world … presence of localized externalities in the knowledge accumulation process, this policy may produce distortive and unwanted … average level of knowledge activity accompanied by a huge degree of internal territorial disparity. The aim of this paper is …

adequate endowment of knowledge assets at the local level, like technological and human capital. These intangible factors … territory to absorb the potential knowledge spillovers from the neighbouring regions. The aim of this paper is to analyse the … addition to the traditional inputs of physical capital and units of labour, we consider innovation activities and human capital …

knowledge acquired through formal education and professional experience and usually coincides with a higher personal wealth … distinguish between different types of entry strategies. On the one hand, we look at entry strategies based on innovation. We … measure innovation by a variable which indicates if a firm carries out continuous R&D. On the other hand, entry is classified …

-up potential. In particular we expect the Nelson-Phelps hypothesis to be more relevant in the industrial sector where innovation is …