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Clusters- Sources Of Economic Growth In Europe

Author

Listed:
  • Constantin BORDEI

    (Doctoral School of Economics and Business Administration, „Al.I.Cuza” University, Iasi)

Abstract

Global competition has evolved from the competition between companies to the competition between regions. In this context, clusters play an important role as competences’ concentration poles. The cluster initiatives represent concentrated efforts to increase the wealth and competitiveness in a certain region including companies, local administration, research and training institutions. This paper proposes the analysis of the European clusters’ role in ensuring the regional development. Resulted conclusions emphasize both the positive results of clusters’ existence, as well as the fields where improvements can be made in order to increase the clusters’ impact on the economic development.

Suggested Citation

  • Constantin BORDEI, 2016. "Clusters- Sources Of Economic Growth In Europe," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 10, pages 141-148, April.
    • Handle: RePEc:cmj:seapas:y:2016:i:10:p:141-148
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    More about this item

    Keywords

    Clusters; Development; Growth; Competitiveness;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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