Firms selling products that are not valuable and scarce will hurt. Further we hypothesize that firms have incentives to engineer scarcity b. Iy limiting supply when secondary markets thicken to separate primary and secondary markets. We find support for these hypotheses. I in the U.S. concert ticket industry. Publisher s link http papers.ssrn sol papers.cfm abstract id AUGUST RESEARCH . IPOLICY Clusters Convergence.
Economic Performance By Delgado
Merces Michael E. Porter and Scott Stern ABSTRACT—cluster composition in regional industry performance. On the one hand diminishing returns to specialization in a location can result in a convergence effect the growth rate of an industry India Phone Number List within a region may declining in the level of economic activity of that industry. At the same time positive spillovers across complementary economic activities can provide an impetus for agglomeration the growth rate of an industry within a region may increasing in the strength i.e. relative presence of relat industries. Building on.
Porter we develop a systematic empirical
Framework to analyze the role of regional clusters groups of closely relat industries operating within a particular region in the growth of regional industries. We exploit data from the U.S. Cluster Mapping Project to examine the effects of Bulgaria phone number list within regional clusters after controlling for convergence at the region industry level. Our findings suggest that industries locat in a strong cluster register higher employment and patenting growth. Regional industry growth also increases with the strength of relat clusters in the region and with the strength of similar clusters in adjacent regions.
