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Introduction

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Economics of Clusters
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Abstract

The academic literature on clusters emerged in the early 1990s and has grown in popularity ever since, achieving maturity in the late 2000s. Nowadays, ‘cluster’ is a key concept brandished by international organizations as a pledge of innovation and growth in knowledge-based societies. In parallel to the large dissemination of the concept by Michael Porter, the Silicon Valley’s long-run success has served as an example of the type of economic and knowledge interactions which can foster innovation in regions. This very example, however, also questions policy makers about the type of public incentives that should be implemented in order to replicate the conditions for such a success elsewhere.

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Vicente, J. (2018). Introduction. In: Economics of Clusters. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-319-78870-8_1

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