Regional Innovation Potential: The Case of the U.S. Machine Tool Industry

This title was first published in 2000:  Steven Nivin analyzes a process vital to economic development - technological change. He furthers understanding of the processes driving innovation, so that we may gain a deeper insight into the development of economies. Specifically, the study explores the concept of innovation potential and the factors that result in variations in innovation potential across metropolitan areas, using the US machine tool industry as a case study. The findings indicate that urbanization economies, localization economies, human capital, universities, and invention-derived knowledge are significant factors.