Geographic Knowledge Spillover

Geographic knowledge spillover occurs when innovations, ideas, or skills developed in one location unexpectedly benefit nearby areas. This happens because proximity encourages the sharing of information, collaboration, and learning, which can lead to economic growth and technological advancement in the surrounding regions. For example, a tech startup in a city can inspire or exchange ideas with nearby businesses, boosting overall knowledge and productivity locally. Essentially, it’s the process where knowledge doesn't stay confined but flows across regions, fostering broader development and innovation.