Collective Learning and Relational Capital in Local Innovation Processes

Abstract

Capello R. and Faggian A. (2005) Collective learning and relational capital in local innovation processes, Regional Studies39, 75-87. Innovative capacity of firms has traditionally been explained through intra-firm characteristics. In the more recent literature, much emphasis has been put on determinants that are external to the firm. These external factors, called knowledge spillovers, refer to the positive externalities that firms receive in terms of knowledge from the environment in which they operate. Geographers and industrial economists underline the importance of knowledge spillovers. As the paper underlines, an important difference exists between the approach of knowledge spillover and that of socialized processes of local knowledge creation developed by regional economists; while in the former, the mere probability of contacts explains local knowledge transfer, in the latter, the channels through which knowledge spills over a local area are clearly identified in the relational capital of the area...