![]() ![]() Innovation: A region’s innovative capacity has implications for its ability to develop and deploy commercial applications, start new businesses, and maintain industrial competitiveness in the face of disruptive technological change. ![]() We measure tradable industries using data on greenfield foreign direct investment, which is inextricably bound up with traded industry clusters, and the productivity differential (measured as output per worker) between a metro area’s traded sector and that traded sector nationwide. These industries are typically anchored by globally engaged firms, which have valuable spillovers for local economies.
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