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Synergy evaluation in economic clusters

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  • Irina Radeva

Abstract

The aim of this work is to specify, accept or reject a priori assumption of a positive synergy in economic cluster development, to propose à quantitative assessment of synergy and à description of the interaction process among enterprises in the cluster. There are presented arguments in support of the assumption that the cluster can be considered as an economic system. The synergy effects are summarized and described as superadditive and subadditive functions of expenses and revenues. The interaction process among enterprises in the cluster is described by a thermodynamic approach to the costs analysis of the economic systems development and an introduced condition for positive synergy realization. As a quantitative measure of synergy effect is used the concept of entropy. The proposed experimental solution demonstrates the application of presented approach, its possible analytical interpretations and predictability potential for positive or negative synergy realization.

Suggested Citation

  • Irina Radeva, 2014. "Synergy evaluation in economic clusters," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 100-116.
    • Handle: RePEc:bas:econth:y:2014:i:2:p:100-116
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    References listed on IDEAS

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    1. Bradley, Michael & Desai, Anand & Kim, E. Han, 1983. "The rationale behind interfirm tender offers : Information or synergy?," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 183-206, April.
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    Cited by:

    1. Evgeniy Korshenkov & Sergey Ignatyev, 2020. "Empirical interpretation and measurement of the productivity and efficiency of regions: the case of Latvia," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(2), pages 549-561, June.
    2. Evgeniy Korshenkov & Sergey Ignatyev, 2020. "Empirical interpretation and measurement of the productivity and efficiency of regions: the case of Latvia," Post-Print hal-02919627, HAL.

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    More about this item

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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