Edited by Pengfei Ni and Zheng Qiongjie
Chapter 14: Economic competitiveness, clusters, and cluster-based development
Cluster theory and its application, cluster-based economic development policy, have been in the forefront of regional economic development theory and practice during the past decade. Regional clusters imply that firms that are part of a geographically defined cluster benefit from being a part of that cluster and that these benefits result in growth in economic output for the region. These benefits accrue as a result of co-location or geographical proximity that, in turn, creates lower input costs for firms through agglomeration economies and facilitates knowledge spillovers that produce innovation and increased productivity. Consequently, firms in effective clusters will be more competitive, and regions with effective clusters will experience greater growth.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.