This paper uses data from high technology industry clusters in U.S. cities to establish a strong positive relationship between city, industry cluster (and university) R&D, and subsequent employment in the same industry cluster and city. Perhaps surprisingly, in view of recent results that...

This paper uses data from high technology industry clusters in U.S. cities to establish a strong positive relationship between city, industry (and university) R&D and subsequent employment in the same industry and city. Perhaps surprisingly, in view of recent results that heterogeneity favors...