The Aerospace Cluster in Washington State, Microeconomics of Competitiveness Study Case

Alana McKenzie, Raluca Nica, Andra Roman and Corina Ioana Petrea ()
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Raluca Nica: Department of International Economics and Business, Bucharest University of Economic Studies
Andra Roman: Department of International Economics and Business, Bucharest University of Economic Studies
Corina Ioana Petrea: Department of International Economics and Business, Bucharest University of Economic Studies

No 7, Working Papers from Bucharest Academy of Economic Studies, Research Center in International Business and Economics (RCIBE)

Abstract: The paper analyzes the development of the Washington cluster in the aeronautics industry and the factors that contributed to this continuous and substantial growth. In the first section of the text it is described the profile of the country as well as the region and the city, in order to understand the exogenous factors that made possible the enrichment of the aerospace cluster in that particular area. Moving further with the analysis, the paper identifies the main competition from rival clusters, emphasizing the strengths of each rival cluster in comparison with the aeronautics cluster from Washington. A cluster map is provided later in the study, for explaining the intertwined relation between many supporting industries that help sustain the aerospace cluster. Additionally, the text explores the performance of the cluster and the overall competitiveness in the business environment. In the end, the paper seeks to answer the question: What are the key issues that the cluster is facing?

Keywords: cluster; aerospace industry; Washington; competitiveness (search for similar items in EconPapers)
JEL-codes: L93 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2017-09
New Economics Papers: this item is included in nep-cse, nep-sbm and nep-ure
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Published in CCREI Working Papers Series, September 2017

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Persistent link: https://EconPapers.repec.org/RePEc:bus:wpaper:7

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