The Silicon Valley Syndrome
研究发现，一个地区风险投资的涌入会导致非高科技可贸易部门的企业数量和就业下降，非贸易部门就业增加，并加剧该部门的收入不平等。
How does expansion in the high-tech sector influence the broader economy of a region? We demonstrate that an infusion of venture capital in a region leads to: (i) declines in the number of establishments and in employment in non–high-tech industries in the tradable sector; (ii) increases in entry and in employment in the non-tradable sector; and (iii) a rise in income inequality in the non-tradable sector. Expansion in the high-tech sector therefore leads to a less diverse tradable sector and to increasing inequality in the region.