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Clusters’ development: spin-offs and external economies

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  • Christian Garavaglia

    (University of Milano-Bicocca, Milan and CESPRI/KITeS, Bocconi University, Milan - Italy)

Abstract

The claim of the paper is that industrial clusters need to be studied from a dynamic perspective. The complexity of cluster formation may be ascribed to its multi-dimensional and multidisciplinary character. The former refers to the co-involvement of individuals’ decisions, firms’ activities and institutions. The latter relates to the psychological, social, cultural and economic aspects needed to explain the birth end evolution of firms’ agglomerations. The paper proposes that theoretical framework which integrate different explanations, as put in evidence by the different approaches in literature, is more apt for grasping the evolution and complexity of clusters. Particular emphasis is given to the processes of spin-off formation.

Suggested Citation

  • Christian Garavaglia, 2008. "Clusters’ development: spin-offs and external economies," KITeS Working Papers 226, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2008.
    • Handle: RePEc:cri:cespri:wp226
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    cluster; spin-off; entrepreneurship; social ties; external economies.;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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