Summary and Conclusions
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A sizable literature of descriptive studies has documented the important role of universities in the development of the world’s largest high technology concentrations. Silicon Valley in California, Route 128 around Boston, Massachusetts, and the Cambridge Phenomenon in England are the most recognized agglomerations of such high technology activities. Economic growth in all these three regions has been fostered by excellent local universities: Stanford University in Silicon Valley, MIT in Boston, and Cambridge University in Cambridge are strongly associated with their region’s economic success.
KeywordsKnowledge Production Function High Technology Production State Level Analysis Gravity Index Distance Decay Pattern
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