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| Title: | | Cluster life cycles: dimensions and rationales of cluster development  |
| 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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