Productivity is central to understanding economic success as it defines what outcomes can be achieved from a given set of resources. As such we are very used to discussing the productivity of firms and to analysing productivity at national and supranational levels. Indeed, the imperative for the new EU Competitiveness Compass stems from acknowledgement of the productivity gap with the US highlighted in the Draghi Report.
Both academic analysis and policy discourse increasingly acknowledge the importance of place for generating productivity growth. People and firms relate closely day-to-day with their local context and much public policy is designed and implemented at local and regional levels. It is therefore critical to understand place-based productivity processes so that the most effective policies can be put in place.
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