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Article

Knowledge Spillovers: Cities' Role in the New Economy

Gerald A. Carlino

Emeritus Economist

Q4 2001

Business Review — In the smokestack era, cities were centers of manufacturing. What role do cities play in the “new economy”?

In this article, Jerry Carlino discusses the link between economic growth and the concentration of people and firms in cities. In particular, he focuses on “knowledge spillovers.” These spillovers facilitate the exchange of ideas, promoting creativity and innovation.

This article appeared in the Fourth Quarter 2001 edition of Business Review.

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