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Title:Cluster life cycles: dimensions and rationales of cluster development PDF Logo
Authors:Menzel, Max-Peter
Fornahl, Dirk
Issue Date: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
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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