Localized Knowledge Spillovers is a form of knowledge diffusion that occurs within geographically proximate firms or institutions, distinguished by the reliance on tacit, context-specific knowledge that is difficult to transfer over long distances due to its dependence on face-to-face interaction and shared local networks.
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Edward L. Glaeser, Hédi Kallal, José Scheinkman et al. · Journal of Political Economy · 1992 · 4.6K citations
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