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From clusters to cluster-based economic development

Author

Listed:
  • Christian H.M. Ketels
  • Olga Memedovic

Abstract

Over the last decades, changes in the global economy and the emergence of Global Value Chains (GVCs) have raised the interest in understanding the specific conditions and cross-company interactions within and across locations. For companies, the need to choose the right location for specific activities moved from an operational to a strategic issue. For countries, regions and cities, competition raised the stakes of understanding how to improve productivity and attract firms in specific fields beyond providing low factor costs and subsidies. Many countries, from natural-resource-rich, to transition economies, and to developed countries have launched competitiveness policies and cluster initiatives involving various stakeholders. The paper addresses how clusters can be leveraged for economic policy and what the role of different stakeholders in this process is. This paper summarises the cluster concept, focusing on the main theoretical framework and on recent empirical findings, and discusses key pillars of a cluster-based economic policy approach. The paper concludes with an application of the concept to resource-rich, oil-dependent economies.

Suggested Citation

  • Christian H.M. Ketels & Olga Memedovic, 2008. "From clusters to cluster-based economic development," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 1(3), pages 375-392.
  • Handle: RePEc:ids:ijtlid:v:1:y:2008:i:3:p:375-392
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    Citations

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    Cited by:

    1. Delgado, Mercedes & Porter, Michael E. & Stern, Scott, 2014. "Clusters, convergence, and economic performance," Research Policy, Elsevier, vol. 43(10), pages 1785-1799.
    2. Bembenek Boguslaw, 2016. "RFID within High-Tech Clusters – Towards a Knowledge-Based Economy," Economics and Business, De Gruyter Open, vol. 28(1), pages 52-60, April.
    3. Martinovic, Danijela & Karisik, Jasmina & Bico-Car, Mirha, 2013. "Internationalization And Cluster Potentials With Special Emphasis On Wood-Processing Sector In Bosnia And Herzegovina," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 4(2), pages 231-242.
    4. repec:ris:invreg:0362 is not listed on IDEAS
    5. repec:rnp:ecopol:ep1763 is not listed on IDEAS
    6. Santos, Antonio Bob, 2015. "Open Innovation in clusters: The Portuguese case," MPRA Paper 70032, University Library of Munich, Germany.
    7. repec:mbr:jmonec:v:8:y:2013:i:1:p:109-139 is not listed on IDEAS
    8. Natalya Rybnikova & Boris Portnov, 2015. "Using light-at-night (LAN) satellite data for identifying clusters of economic activities in Europe," Letters in Spatial and Resource Sciences, Springer, vol. 8(3), pages 307-334, November.
    9. Constantin BORDEI, 2014. "Influence Of Automotive Clusters In Regional Development," SEA - Practical Application of Science, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 5, pages 149-158, November.
    10. Gary Gereffi & Joonkoo Lee, 2016. "Economic and Social Upgrading in Global Value Chains and Industrial Clusters: Why Governance Matters," Journal of Business Ethics, Springer, vol. 133(1), pages 25-38, January.
    11. Ketels Christian, 2017. "Working Paper 258 - Structural Transformation: A competitiveness-based view," Working Paper Series 2369, African Development Bank.
    12. repec:spr:jknowl:v:8:y:2017:i:2:d:10.1007_s13132-017-0467-z is not listed on IDEAS
    13. Madalina Maticiuc, 2015. "Gaining Competitive Advantage Within Cluster Business Infrastructures," GUT FME Conference Publications,in: Blazej Prusak (ed.), ENTERPRISES IN UNSTABLE ECONOMY, chapter 8, pages 86-93 Faculty of Management and Economics, Gdansk University of Technology.
    14. repec:ura:ecregj:v:1:y:2017:i:2:p:500-510 is not listed on IDEAS
    15. Hilmar Þór Hilmarsson, 2014. "The Icelandic Geothermal Cluster, the Transition to Clean Energy in Emerging Markets and the Role of International Financial Institutions," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(4), pages 220-229.
    16. Sklias, Pantelis & Tsampra, Maria, 2011. "Assessing regional integration and business potential in the Western Balkans," MPRA Paper 36341, University Library of Munich, Germany.
    17. Iritié, B. G. Jean Jacques, 2016. "Economic issues of innovation clusters-based industrial policy : a critical overview," EconStor Preprints 142746, ZBW - German National Library of Economics.
    18. Yusuf, Yahaya Y. & Musa, Ahmed & Dauda, Mohammed & El-Berishy, Nagham & Kovvuri, Dharma & Abubakar, Tijjani, 2014. "A study of the diffusion of agility and cluster competitiveness in the oil and gas supply chains," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 498-513.

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