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On the resilience and the risk spillovers in innovation clusters

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  • Laura Gudelytė

Abstract

In this paper, we provide the determination of systemic risk in a networked structure that appears together with synergistic effect as a result of collaboration in innovation clusters. The interpretation of proposed conceptual model of evaluation of systemic risk can be at least twofold: core-periphery, business entities-R%D institutions, etc. The systemic risk is treated as a generalised risk impacting directly or non-directly the performance of an innovation cluster. The conceptual model of evaluation of systemic risk should be useful for understanding and further treatment of measuring risk in a case of innovation management. Also, the structure and further properties of systemic risk and contagion within innovation cluster are discussed in this paper.

Suggested Citation

  • Laura Gudelytė, 2021. "On the resilience and the risk spillovers in innovation clusters," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 21(1), pages 126-142.
    • Handle: RePEc:ids:ijecbr:v:21:y:2021:i:1:p:126-142
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