Abstract:
Co-located firms within related industries enhance the ability to create knowledge by variation and a deepened division of labour. The interdependent development between economic activities and local institutions make the cluster attractive to some industries and hostile to others. The very reasons why cognitive distance might be small within the cluster tend to make cognitive distance great between clusters and make interfirm co-operation across bodies of knowledge more costly. The additional value created when clustering may justify the additional cost. Copyright 2001 by Oxford University Press.
Industrial and Corporate Change is edited by David Teece, Glenn R. Carroll, Nick Von Tunzelmann, Giovanni Dosi and Franco Malerba
More articles in Industrial and Corporate Change from Oxford University Press Address: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Series data maintained by Christopher F. Baum ().
This site is part of RePEc
and all the data displayed here is part of the RePEc data set.
Is your work missing from RePEc? Here is how to
contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .