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- Title
Nano-economics, spinoffs, and the wealth of regions.
- Authors
Klepper, Steven
- Abstract
The historical evolution of four prominent industry clusters is compared: automobiles in Detroit, Michigan, tires in Akron, Ohio, semiconductors in Silicon Valley, California, and cotton garments in Dhaka, Bangladesh. Detailed data are collected concerning the intellectual and geographic origins of entrants into the clusters and other regions to probe the mechanisms underlying geographic clustering. The main mechanism at work in the four clusters involves employees leaving established firms to found their own firms or shape new entrants in their industry. Questions and policy implications related to the spinoff mechanism and the mobility of employees are discussed.
- Subjects
ECONOMIES of agglomeration; AUTOMOBILE industry; TIRE industry; SEMICONDUCTOR industry; COTTON textile industry; INDUSTRIAL clusters; LABOR mobility
- Publication
Small Business Economics, 2011, Vol 37, Issue 2, p141
- ISSN
0921-898X
- Publication type
Article
- DOI
10.1007/s11187-011-9352-5