The BioRegio contest and the BioProfile contest initiated by the German Federal Government have drawn much international attention as prototypes of a new kind of technology policy aiming at the exploitation of regional innovation and growth potential through clustering. There is, however, little...

This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and growth. Employment-intensive FDI,...