The Role of Location in Knowledge Creation and Diffusion: Evidence of Centripetal and Centrifugal Forces in the City of London Financial Services Agglomeration

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 c...

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Published inEnvironment and planning. A Vol. 39; no. 6; pp. 1325 - 1345
Main Authors Cook, Gary A S, Pandit, Naresh R, Beaverstock, Jonathan V, Taylor, Peter J, Pain, Kathy
Format Journal Article
LanguageEnglish
Published London, England SAGE Publications 01.06.2007
Pion
Pion Ltd, London
SeriesEnvironment and Planning A
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Summary: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.
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ISSN:0308-518X
1472-3409
DOI:10.1068/a37380