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Entrepreneurial Founder Effects in the Growth of Regional Clusters How Early Success is a Key Determinant
Michael Slavensky Dahl Christian Ø.R. Pedersen and
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Christian R. Østergaard
DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies
How can the growth of regional clusters be explained? This paper studies in great detail the growth of the wireless communication cluster in Northern Denmark. Unlike the dominant theories, we argue that initial success of the first firms are the main driving force behind the generation of new firms that eventually lead to the formation of clusters. The success of the first firms tends to generate spin-offs, which become successful themselves due to the background of the founders.
Keywords: Agglomeration; Clusters; Spin-offs; Knowledge Diffusion (search for similar items in EconPapers)
JEL-codes: R10 O13 J60 L63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-geo, nep-ino and nep-tid
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Persistent link: http://EconPapers.repec.org/RePEc:aal:abbswp:05-18
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