Financing cluster initiatives
AbstractIn the last two decades hundreds of cluster initiatives have been launched involving virtually all regions of the world and their number is growing. Cluster initiatives are viewed as conscious actions taken by various actors to create or strengthen clusters. There are multiple relevant actors, and they may relate to each other in different ways. Governments and other public authorities are known to be responsible for most cluster initiatives, although there is a marked geographical variation. At the end of the 1990s, industrial and regional policy increasingly concentrated on stimulating clusters and clustering processes in many EU member states using different forms of support. The paper describes the rationale for regional cluster initiatives in general and presents different approaches of countries to the financing the specific programmes for cluster development. Although public funds should not be viewed as systematic aid and should comply with the State aid regulations, experts recognise that they are often needed to support start-up projects, networking, information, research, education, and specialised infrastructure. At the end of paper the Czech way to financing cluster initiatives is presented based on government programme with the financial contribution of EU Structural Funds.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 12373.
Date of creation: 2005
Date of revision:
Publication status: Published in ECON ´05 1.12(2005): pp. 317-324
Competitiveness; region; cluster; cluster initiative; cluster policy; financing development programme;
Find related papers by JEL classification:
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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