Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25650
Authors: 
Menzel, Max-Peter
Fornahl, Dirk
Year of Publication: 
2007
Series/Report no.: 
Jena economic research papers 2007,076
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.
Subjects: 
cluster evolution
life cycle
heterogeneity
JEL: 
R11
O30
L25
Document Type: 
Working Paper

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