By OECD Organisation for Economic Co-operation and Development
This book explores the good fortune of significant innovation and entrepreneurship clusters in OECD international locations, the demanding situations they now face in maintaining their positions and the teachings for different locations trying to construct profitable clusters. What are the main components for cluster luck? What difficulties are rising at the horizon? that's definitely the right position of the general public area in assisting the growth of clusters and overcoming the stumbling blocks? The ebook addresses those and different concerns, analysing seven across the world reputed clusters extensive: Grenoble in France, Vienna in Austria, Waterloo in Canada, Dunedin in New Zealand, Medicon Valley in Scandinavia, Oxfordshire within the uk, and Madison, Wisconsin, within the usa. for every cluster, it appears on the elements that experience contributed to its development, the influence of the cluster on neighborhood entrepreneurship functionality, and the demanding situations confronted for extra enlargement. It additionally places ahead a suite of coverage innovations geared to the wider context of cluster improvement. This book is vital examining for coverage makers, practitioners and lecturers wishing to procure strong practices in cluster improvement and assistance on how to augment the commercial influence of clusters.
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Extra info for Clusters, Innovation and Entrepreneurship (Local Economic and Employment Development)
If the market itself were to generate optimal clustering and cluster interactions then such policy intervention would be counterproductive. However, there are a number of reasons for thinking that the market will produce suboptimal outcomes. 1. Non-appropriability of externalities. Clusters are argued to be the sites of positive externalities. However, whilst firms and workers may be attracted to clusters to gain from externalities generated by others, they are not compensated for the positive externalities they generate themselves.
This type of approach assumes that co-location on its own is not enough and that explicit local collaborations are required to realise the potential benefits of clusters. In principle it does not reduce productivity outside the cluster. In fact increased innovation would be expected to spill over to other places. If the market itself were to generate optimal clustering and cluster interactions then such policy intervention would be counterproductive. However, there are a number of reasons for thinking that the market will produce suboptimal outcomes.
Martin (2006), “The Rise of the Cluster Concept in Regional Analysis and Policy: A Critical Assessment”, in B. Asheim, P. Cooke and R. Martin CLUSTERS, INNOVATION AND ENTREPRENEURSHIP – ISBN 978-92-64-04442-5 – © OECD 2009 37 1. ), Clusters and Regional Development: Critical Reflections and Explorations, Routledge, London, pp. 1-29. Audretsch, D. and D. Dohse (2004), “The Impact of Location on Firm Growth”, CEPR Discussion Paper 4332, Centre for Economic Policy Research, London. Audretsch, D. and M.
Clusters, Innovation and Entrepreneurship (Local Economic and Employment Development) by OECD Organisation for Economic Co-operation and Development