Did the internet prevent all invention from moving to one place?

Chris Forman, Avi Goldfarb, Shane Greenstein 23 May 2014

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Reading the technology press, it often seems as if the media think all high-tech invention happens in Silicon Valley. This parochial viewpoint highlights the ‘agglomeration’ advantages that the Valley provides to inventors because so many technology firms are located in the same place. These advantages include easier access to funding from local venture capitalists, sharing of fixed costs such as specialised patent lawyers, and easier exchange of ideas between researchers.

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Topics:  Frontiers of economic research Productivity and Innovation

Tags:  patents, information technology, technology, agglomeration, internet, economic geography, invention