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Developing Smart Specialization Strategies for Cluster Improvement

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  • Smart specialisation and Europe's growth agenda

    Author
    Union of Hellenic Chambers of Commerce ERDF PP6
    Description
    To help Europe make a sustainable recovery from the economic crisis actions and investments are needed in order to help countries and regions to unlock new growth potential and to raise their game when it comes to innovation, productivity and competitiveness. This is an agenda of planned actions within the field of smart specialisation in Europe.
    Creation Date
    Friday 09 May 2014, 10:35

    Attachments

  • The economic performance of regions

    Author
    Union of Hellenic Chambers of Commerce ERDF PP6
    Description
    The economic performance of regions, Reg. Studies 37, 549–578. This paper examines the basic facts about the regional economic performance, the composition of regional economies and the role of clusters in the US economy over period of 1990 to 2000. The performance of regional economies varies markedly in terms of wage, wage growth, employment growth and patenting rate. Based on the distribution of economic activity across geography, we classify US industries into traded, local and resource-dependent. Traded industries account for only about one-third of employment but register much higher wages, far higher rates of innovation and influence local wages. We delineate clusters of traded industries using co-location patterns across US regions. The mix of clusters differs markedly across regions. The performance of regional economies is strongly influenced by the strength of local clusters and the vitality and plurality of innovation. Regional wage differences are dominated by the relative performance of the region in the clusters in which it has positions, with the particular mix of clusters secondary. A series of regional policy implications emerge from the findings.
    Creation Date
    Friday 09 May 2014, 10:24

    Attachments

  • Clusters, convergence and economic performance

    Author
    Union of Hellenic Chambers of Commerce ERDF PP6
    Description
    This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining in the level of activity of that industry. At the same time, positive spillovers across complementary economic activities provide an impetus for agglomeration: the growth rate of an industry within a region may be increasing in the size and “strength” (i.e., relative presence) of related economic sectors.
    Creation Date
    Friday 09 May 2014, 10:18

    Attachments

  • Clusters and entrepreneurship

    Author
    Union of Hellenic Chambers of Commerce ERDF PP6
    Description
    This paper examines the role of regional clusters in regional entrepreneurship. We focus on the distinct influences of convergence and agglomeration on growth in the number of start-up firms as well as in employment in these new firms in a given region-industry. While reversion to the mean and diminishing returns to entrepreneurship at the region-industry level can result in a convergence effect, the presence of complementary economic activity creates externalities that enhance incentives and reduce barriers for new business creation. Clusters are a particularly important way through which location-based complementarities are realized. The empirical analysis uses a novel panel dataset from the Longitudinal Business Database of the Census Bureau and the U.S. Cluster Mapping Project (Porter, 2003). Using this dataset, there is significant evidence of the positive impact of clusters on entrepreneurship. After controlling for convergence in start-up activity at the region-industry level, industries located in regions with strong clusters (i.e. a large presence of other related industries) experience higher growth in new business formation and start-up employment. Strong clusters are also associated with the formation of new establishments of existing firms, thus influencing the location decision of multiestablishment firms. Finally, strong clusters contribute to start-up firm survival.
    Creation Date
    Friday 09 May 2014, 09:59

    Attachments

  • Cluster Best Practices: Lessons from the field

    Author
    Union of Hellenic Chambers of Commerce ERDF PP6
    Description
    This is a short document introducing the concept of Clusters, presenting clusters' best practices and 3 case studies.
    Creation Date
    Tuesday 06 May 2014, 24:00

    Attachments

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