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Industrial clusters and regional innovation: an evaluation and implications for economic cohesion

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Author Info

  • Elisa BORGHI

    ()

  • Chiara DEL BO

    ()

  • Massimo FLORIO

    ()

Abstract

This paper studies the role of industrial clusters in stimulating regional innovation and economic cohesion in Europe. Starting from an overview of industrial clusters in the EU, in which we highlight the strengths and weaknesses of agglomerations of firms, we empirically investigate how cluster and regional characteristics influence R&D investment and innovation output and the role they play in fostering economic cohesion. We find that the presence and size of clusters significantly enhance regional innovation in Europe; however, the industry in which regions specialize matters. In particular, specialization in medium-high and high-technology clusters seems to create a better environment for innovation and R&D. Finally, the presence of clusters in a region is positively associated with higher levels of employment.

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File URL: http://wp.demm.unimi.it/tl_files/wp/2010/DEMM-2010_018wp.pdf
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Bibliographic Info

Paper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2010-18.

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Date of creation: 21 Jun 2010
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Handle: RePEc:mil:wpdepa:2010-18

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Related research

Keywords: Clusters; Innovation;

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Cited by:
  1. Pedro Valadas Monteiro & Teresa de Noronha & Paulo Neto, 2011. "The Importance of Clusters for Sustainable Innovation Processes: The Context of Small and Medium Sized Regions," CEFAGE-UE Working Papers 2011_24, University of Evora, CEFAGE-UE (Portugal).

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