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dc.contributor.authorMenzel, Max-Peteren_US
dc.contributor.authorFornahl, Dirken_US
dc.description.abstractWe 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.en_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,076en_US
dc.subject.keywordcluster evolutionen_US
dc.subject.keywordlife cycleen_US
dc.subject.stwRegionale Konzentrationen_US
dc.titleCluster life cycles: dimensions and rationales of cluster developmenten_US
dc.typeWorking Paperen_US
Appears in Collections:Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena

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