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Tech Clusters

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  • William R. Kerr
  • Frédéric Robert-Nicoud

Abstract

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what constitutes a tech cluster, how they function internally, and the degree to which policy makers can purposefully foster them. We describe the growing influence of advanced technologies for businesses outside of traditional tech fields, the strains and backlash that tech clusters are experiencing, and emerging research questions for theory and empirical work.

Suggested Citation

  • William R. Kerr & Frédéric Robert-Nicoud, 2020. "Tech Clusters," NBER Working Papers 27421, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:27421
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    3. Chattergoon, B. & Kerr, W.R., 2022. "Winner takes all? Tech clusters, population centers, and the spatial transformation of U.S. invention," Research Policy, Elsevier, vol. 51(2).
    4. William H. Janeway & Ramana Nanda & Matthew Rhodes-Kropf, 2021. "Venture Capital Booms and Start-Up Financing," Annual Review of Financial Economics, Annual Reviews, vol. 13(1), pages 111-127, November.
    5. Massimiliano CODA-ZABETTA & Christian CHACUA & Francesco LISSONI & Ernest MIGUELEZ & Julio RAFFO & Deyun YIN, 2021. "The missing link: international migration in global clusters of innovation," Bordeaux Economics Working Papers 2021-02, Bordeaux School of Economics (BSE).
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    7. Sergey Kichko & Wen-Jung Liang & Chao-Cheng Mai & Jacques-Francois Thisse & Ping Wang & Sergei Kichko, 2020. "The Rise (and Fall) of Tech Clusters," CESifo Working Paper Series 8527, CESifo.

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    3. repec:zbw:bofrdp:2015_027 is not listed on IDEAS
    4. repec:bof:bofrdp:urn:nbn:fi:bof-201512111472 is not listed on IDEAS
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    More about this item

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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