The role of location in knowledge creation and diffusion: evidence of centripetal and centrifugal forces in the City of London financial services agglomeration

Gary A. S. Cook, Naresh R. Pandit, Jonathan V. Beaverstock*, Peter J. Taylor, Kathy Pain

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

66 Citations (Scopus)

Abstract

In this paper we report on a major empirical study of centripetal and centrifugal forces in the City of London financial services agglomeration. The study sheds light on (1) the manner and magnitude of firm interaction in the agglomeration; (2) the characteristics of the agglomeration that aid the competitiveness of incumbent firms; and (3) the problems associated with agglomeration; In addressing these issues, we use the data to (1) test emerging theory that explains the high productivity and innovation of agglomerations in terms of their ability to generate and diffuse knowledge; and (2) evaluate the 'end of geography' thesis.

Original languageEnglish
Pages (from-to)1325-1345
Number of pages21
JournalEnvironment and Planning A
Volume39
Issue number6
DOIs
Publication statusPublished - Jun 2007

Keywords

  • ECONOMIC-GEOGRAPHY
  • TACIT KNOWLEDGE
  • CLUSTERS
  • LOCALIZATION
  • ADVANTAGE
  • NETWORKS
  • INDUSTRY
  • BUZZ

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