Cluster Policy and Firm Performance: A Case Study of the French Optic/Photonic Industry
Amel Ben Abdesslem () and
Raphaël Chiappini ()
No 2016-26, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France
This study empirically analyzes the effects of a cluster policy on firms' productivity, exports, employment and capital in the French optic/photonic industry. Exploiting firm-level data, we first analyze the selection process of the French cluster policy through a logit model, before combining a propensity score matching procedure and a differences-in-differences estimation in order to capture its impact on firms' performance in the optic/photonic industry. We first show that larger firms are more likely to be selected by the French public policy in the optic/photonic industry. Second, the firms that have received the competitiveness cluster label have become more productive. We also found a positive and significant impact of the public policy on exports, total fixed assets and employment, but no evidence has been found localization economies. Third, when compared to an industrial cluster that only benefits from agglomeration economies, we found that firms from the competitiveness clusters have experienced a labor productivity gain, greater employment, and an increase in total fixed assets.
Keywords: Cluster policy; productivity; difference-in-difference; optic/phonotic industry (search for similar items in EconPapers)
JEL-codes: L25 L52 R12 (search for similar items in EconPapers)
Pages: 21 pages
New Economics Papers: this item is included in nep-cse, nep-eur, nep-geo, nep-sbm and nep-sog
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http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2016-26.pdf First version, 2016 (application/pdf)
Journal Article: Cluster policy and firm performance: a case study of the French optic/photonic industry (2019)
Working Paper: Cluster policy and firm performance: a case study of the French optic/photonic industry (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2016-26
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