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The Cluster Scoreboard: Measuring the Performance of Local Business Clusters in the Knowledge Economy

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  • Yama Temouri

    (Aston University)

Abstract

This paper shows the performance of eighty leading innovative local clusters on six measures of enterprise performance: share of new and young firms and growth of employment, turnover, profitability, liquidity ratio and solvency ratio. The data show the performance of clusters before and during the global economic crisis and suggest that clusters doing well in the phase of economic expansion had different characteristics from those that were able to grow in a time of economic slowdown. The data permit comparison of performance among the clusters. In the pre-recession period the two top performing clusters were the Madison Research District and Silicon Valley in the United States, while during the recession the two leading clusters were the Coimbra Biotech cluster in Portugal and Daedoek Science Town in Korea.

Suggested Citation

  • Yama Temouri, 2012. "The Cluster Scoreboard: Measuring the Performance of Local Business Clusters in the Knowledge Economy," OECD Local Economic and Employment Development (LEED) Papers 2012/13, OECD Publishing.
    • Handle: RePEc:oec:cfeaaa:2012/13-en
    DOI: 10.1787/5k94ghq8p5kd-en
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    Cited by:

    1. Nigel Driffield & Katiuscia Lavoratori & Yama Temouri, 2021. "Inward investment and UK productivity," Working Papers 014, The Productivity Institute.
    2. David B. Audretsch & Erik E. Lehmann & Julian Schenkenhofer, 2021. "A Context-Choice Model of Niche Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1276-1303, September.
    3. Jaehyuk Park & Ian Wood & Elise Jing & Azadeh Nematzadeh & Souvik Ghosh & Michael Conover & Yong-Yeol Ahn, 2019. "Global labor flow network reveals the hierarchical organization and dynamics of geo-industrial clusters in the world economy," Papers 1902.04613, arXiv.org, revised Mar 2019.

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