For some decades there has been a wide consensus among economists on the role played by non-material resources in economic growth. Knowledge has been especially pinpointed as the main discriminating element in economic performance. In the globalising economy, even regional competitiveness — and consequently regional growth — is no longer dependent on the traditional production resource endowment, capital and labour. The hyper-mobility that nowadays characterises these factors reduces their geographical concentration, and shifts the elements on which competitiveness rests from the availability of material resources to the presence of immobile local resources like local culture, competence, innovative capacity; in general knowledge.
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Camagni, R., Capello, R. (2009). Knowledge-Based Economy and Knowledge Creation: The Role of Space. In: Fratesi, U., Senn, L. (eds) Growth and Innovation of Competitive Regions. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-70924-4_7
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