Hewitt-Dundas, Nola; Roper, Stephen - European Regional Science Association - 2002
Knowledge, however defined, is perceived as firms "key" source of competitive advantage and a central determinant of … productivity and wealth creation. The value of knowledge as a competitive asset is not intrinsic, but depends instead on its … application, i.e. innovation or the transformation of knowledge into new technologies, products and, or services. Therefore, the …