Impact of the types of clusters on the innovation output and the appropriation of rents from innovation
AbstractThe ability to generate innovations and capture the rents from innovation are important for firmsâ€™ competitive advantage. Increasingly firms seek knowledge abundant locations, or industry clusters, to access novel knowledge and generate innovations through knowledge recombinations (Schumpeter, 1934). We examine how different types of clusters impact on the innovation output, the knowledge flows among the clustered firms and, ultimately, on who captures the rents from innovation. The type of cluster reflects the configuration of firms and the interactions among firms, individuals and agencies in the cluster and is likely to be a major driver of both the innovative output and of which firms will be more likely to capture the rents from innovation. Extant research has noted that the social and business networks binding firms in clusters are excellent vehicles for the flow of knowledge that eases innovations, but different types of clusters may lead to different outcomes.
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Bibliographic InfoPaper provided by globADVANTAGE, Polytechnic Institute of Leiria in its series Working Papers with number 102.
Date of creation: 29 Sep 2013
Date of revision:
clusters; types of clusters; innovation; appropriation of rents; innovation rents;
Find related papers by JEL classification:
- M0 - Business Administration and Business Economics; Marketing; Accounting - - General
- M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-05 (All new papers)
- NEP-CSE-2013-10-05 (Economics of Strategic Management)
- NEP-ENT-2013-10-05 (Entrepreneurship)
- NEP-GEO-2013-10-05 (Economic Geography)
- NEP-INO-2013-10-05 (Innovation)
- NEP-KNM-2013-10-05 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2013-10-05 (Small Business Management)
- NEP-URE-2013-10-05 (Urban & Real Estate Economics)
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