@techreport{Menzel2007Cluster,
abstract = {We present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical absorptive capacity enables clustered companies to take advantage of a larger diversity of knowledge and the stronger convergence of clustered companies compared to non-clustered companies results in a reduction of heterogeneity. We apply these processes to four stages of the cluster life cycle: emergence, growth, sustainment and decline.},
address = {Jena},
author = {Max-Peter Menzel and Dirk Fornahl},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {R11; O30; L25; cluster evolution; life cycle; heterogeneity; Regionale Konzentration; Lebenszyklus; Industrie\"{o}konomik; Theorie},
language = {eng},
number = {2007,076},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {Cluster life cycles: dimensions and rationales of cluster development},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/25650},
year = {2007}
}
