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The Regional Economics of Knowledge and Talent

Local Advantage in a Global Context Edited by Charlie Karlsson, Professor Emeritus of the Economics of Technological Change, Jönköping International Business School, Jönköping University and Professor Emeritus, Blekinge Institute of Technology, Börje Johansson, Professor of Economics, Jönköping International Business School, Jönköping University, Jönköping and Director, CESIS (Centre of Excellence for Science and Innovation Studies), Royal Institute of Technology, Stockholm, Sweden and Roger R. Stough, School of Policy, Government and International Affairs, George Mason University, US
The distinguished contributors advance the current research frontier in three novel directions which focus on: the role of human capital and talent for creativity, entrepreneurship and regional development; the role of institutions for the behaviour of firms and entrepreneurs; and the influence of the global context on the location, export and innovation behaviour of firms in a knowledge economy.
Extent: 400 pp
Hardback Price: $181.00 Web: $162.90
Publication Date: 2012
ISBN: 978 1 84844 328 0
Availability: In Stock
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  • Business and Management
  • Knowledge Management
  • Economics and Finance
  • Regional Economics
  • Innovation and Technology
  • Knowledge Management
  • Urban and Regional Studies
  • Regional Economics
This original and instructive new book defines and explores the concept of knowledge as the talent, skills, know-how and understanding embodied in individuals.

The distinguished contributors advance the current research frontier in three novel directions which focus on: the role of human capital and talent for creativity, entrepreneurship and regional development; the role of institutions for the behaviour of firms and entrepreneurs; and the influence of the global context on the location, export and innovation behaviour of firms in a knowledge economy. They also address critical questions that underpin the emerging knowledge economy:

• Why does human capital and talent tend to agglomerate in large urban regions?
• How does this agglomeration affect the location of different types of economic activities?
• How does this agglomeration affect regional growth?

Presenting the state of the art in the field of knowledge economics, this book will prove a stimulating and challenging read for scholars and researchers with an interest in economics, business and management, and regional and urban studies.
‘As a collection of good papers by respectable authors in regional science, this book makes insightful reading.’
– Roel Rutten, Environment and Planning B

‘Charlie Karlsson, Börje Johansson and Roger R. Stough have collected a set of important articles on some of the most important factors determining the growth of contemporary regional economies. The focus of the book is on important growth determinants that are almost never mentioned in the standard analyses of economic growth. Entrepreneurship is discussed from theoretical as well as empirical points of view. The role of social capital as well as institutional governance are highlighted in chapters that ought to be read by all economists interested in the economic growth and development of regions.’
– Åke E. Andersson, Jönköping International Business School, Jönköping, Sweden

‘This is an exceptional work that is the result of an outstanding selection of the best papers on agglomeration and innovation given at the 10th anniversary of the Udevalla conference. It is the finest set of conference papers I have seen in the past 25 years. These are artfully woven together into three primary areas. The first focuses on the role of knowledge and innovation in entrepreneurship, the second incorporates the institutional environment, while the third looks at the international context. I recommend this collection to academics, students and all who are interested in the role of creativity and innovation in entrepreneurial development. Not only are these the very best researchers in the field, but the materials are presented in a clear and concise manner, making it an outstanding base for advanced courses in this area. This work combines some of the best writings by top-notch authors sharing the sharpest insight into the complex area of the role of human capital in structuring agglomerative advantages. I take my hat off to the fine editorial work represented in this volume.’
– Kingsley E. Haynes, George Mason University, US

‘The book provides a remarkable contribution on the role of human capital as major creator of knowledge, interpreted as abilities, capabilities, methods, creativity and persistency in identifying and solving problems by collecting, selecting, interpreting and applying existing knowledge and information. The laws of increasing returns to human capital – among which are urban agglomerations as magnets which attract persons who embody knowledge – are conceptually searched and empirically verified. The book answers questions such as: Why do highly educated people, i.e. the carriers of human capital, tend to concentrate in large agglomerations?; What are the agglomerative forces?; and How does this agglomeration of human capital impact different types of economic activities and in particular their location behaviour? Important normative implications are thus derived from such a collected effort.’
– Roberta Capello, Politecnico di Milano, Italy

‘The Regional Economics of Knowledge and Talent, edited by Charlie Karlsson, Börje Johansson and Roger R. Stough brings together a wide range of cutting-edge studies and research on the role of talent in regional development. It is an important addition to our understanding of how knowledge, human capital, and talent shape the development of cities and regions across the globe.’
– Richard Florida, University of Toronto, Canada
Contributors: M. Andersson, C. Autant-Bernard, P. Billand, G.A.S. Cook, U. Gråsjö, J.J. Gutierrez, T. Hatori, B. Johansson, S. Johansson, C. Karlsson, K. Kobayashi, H. Lööf, N. Massard, K. Matsushima, P. Nijkamp, D. Nilsson, K. Nyström, M. Olsson, N.R. Pandit, M. Sahin, R.J. Stimson, R.R. Stough, A. Todiras
Contents:

Preface

1. Introduction – Human Capital and Agglomeration
Charlie Karlsson, Börje Johansson and Roger R. Stough

PART I: HUMAN CAPITAL AND TALENT
2. Knowledge, Creativity and Regional Development
Charlie Karlsson and Börje Johansson

3. Innovation and Space – from Externalities to Networks
Corinne Autant-Bernard, Pascal Billand and Nadine Massard

4. The Development Potential of Urban Migrant Entrepreneurship – New Opportunity Seekers in the Netherlands
Mediha Sahin, Alina Todiras and Peter Nijkamp

5. Innovation in Low- and Medium-Technology Manufacturing – The Role of Networks and Non-R&D Inputs
Juan Julio Gutierrez

6. Endogenous Factors in Regional Performance: A Review of Research in Australia
Robert J. Stimson

7. Free versus Monitored Job Search in Sweden
Michael Olsson

PART II: INSTITUTIONS
8. Regional Institutional Environment and New Firm Formation
Kristina Nyström

9. Knowledge, Political Innovation and Referendum
Tsuyoshi Hatori and Kiyoshi Kobayashi

10. Economic Evaluation of Pre- and Post-Discounting Fee Systems
Kakuya Matsushima and Kiyoshi Kobayashi

PART III: THE GLOBAL CONTEXT
11. Clustering and the Location of Multinational Enterprises: An Exploration of Financial Services in London
Gary A.S. Cook and Naresh R. Pandit

12. Globalization and Distribution of Exports
Börje Johansson and Désirée Nilsson

13. Firm Performance and International Trade – Evidence from a Small Open Economy
Martin Andersson, Sara Johansson and Hans Lööf

14. Imports, R&D and Local Patent Production
Urban Gråsjö

Index