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Understanding regional economic growth in the new economy: industry clusters

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Author Info
Richard Deitz
Ramon Garcia

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Abstract

This article seeks to explain why industry clusters are receiving so much attention. It discusses how and why clusters form, what makes them successful, and why they are believed to contribute to regional economic growth. The article also examines what the evidence on industry clusters suggests about local economic development, and describes strategies used by communities adopting a cluster approach. The final section outlines New York State's efforts to identify the industry clusters that are important to its economy, as well as the challenges faced in this process.

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Publisher Info
Article provided by Federal Reserve Bank of New York in its journal The Regional Economy of Upstate New York.

Volume (Year): (2000)
Issue (Month): Sum ()
Pages:
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Handle: RePEc:fip:fednre:y:2000:i:sum

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Related research
Keywords: Industrial organization - New York (State) ; Industries - New York (State) ; Economic development - New York (State) ; Economic conditions - New York (State) ; Federal Reserve District; 2nd;

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This page was last updated on 2009-12-6.


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