Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/119142 
Year of Publication: 
2010
Series/Report no.: 
50th Congress of the European Regional Science Association: "Sustainable Regional Growth and Development in the Creative Knowledge Economy", 19-23 August 2010, Jönköping, Sweden
Publisher: 
European Regional Science Association (ERSA), Louvain-la-Neuve
Abstract: 
There is little understanding of how clusters evolve, and where. While dynamic analyses of clusters hardly exist, this is especially true for spatial clustering of service industries. We take an evolutionary perspective to describe and explain why the Dutch banking cluster clustered in the Amsterdam region. This analysis is based on an unique database of all banks in the Netherlands that existed in the period 1850-1993, which were collected by the authors. We examine the extent to which spinoff dynamics, merger and acquisition activity and the location of Amsterdam had a significant effect on the survival rate of Dutch banks during the last 150 years. Doing so, we make a first step in providing an evolutionary explanation for why Amsterdam is the leading banking cluster of the Netherlands. Our analyses demonstrate, among other things, that Amsterdam banks were disproportionally active in acquiring other banks, leading to a further concentration of the banking sector in the Amsterdam region.
Subjects: 
cluster
cluster life cycle
spinoffs
mergers and acquisitions
banking sector
JEL: 
O18
R00
R11
Document Type: 
Conference Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.