On the resilience and the risk spillovers in innovation clusters

Laura Gudelytė

International Journal of Economics and Business Research, 2021, vol. 21, issue 1, 126-142

Abstract: In this paper, we provide the determination of systemic risk in a networked structure that appears together with synergistic effect as a result of collaboration in innovation clusters. The interpretation of proposed conceptual model of evaluation of systemic risk can be at least twofold: core-periphery, business entities-R%D institutions, etc. The systemic risk is treated as a generalised risk impacting directly or non-directly the performance of an innovation cluster. The conceptual model of evaluation of systemic risk should be useful for understanding and further treatment of measuring risk in a case of innovation management. Also, the structure and further properties of systemic risk and contagion within innovation cluster are discussed in this paper.

Keywords: contagion; structure of innovation cluster; systemic risk; uncertainty; asymmetry; business; model of evaluation; commercialisation. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijecbr:v:21:y:2021:i:1:p:126-142

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