How effective are cluster development policies? Evidence from Uruguay
Diego Aboal,
Gustavo Crespi and
Marcelo Perera
World Development Perspectives, 2020, vol. 18, issue C
Abstract:
Cluster development policies have become increasingly popular as a tool for promoting development in developing countries. However, impact evaluations of cluster policies are scarce in the literature. This paper analyzes the impact of a tourism cluster policy in the region of Colonia, Uruguay, applying a synthetic control method. This method of identifying the counterfactual is especially useful in comparative case studies where there are a limited number of control units. The estimations show a positive impact of the cluster program on the inflow of international tourists to Colonia of 30% in the period 2008–2015; however, no significant impact on total expenditure was found.
Keywords: Cluster policy; Impact evaluation; Synthetic control methods; Developing countries (search for similar items in EconPapers)
JEL-codes: H43 O25 O54 R10 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wodepe:v:18:y:2020:i:c:s2452292919301249
DOI: 10.1016/j.wdp.2020.100196
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