William Kerr () and
No 27421, NBER Working Papers from National Bureau of Economic Research, Inc
Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what constitutes a tech cluster, how they function internally, and the degree to which policy makers can purposefully foster them. We describe the growing influence of advanced technologies for businesses outside of traditional tech fields, the strains and backlash that tech clusters are experiencing, and emerging research questions for theory and empirical work.
JEL-codes: L26 M13 O30 O31 R11 R12 (search for similar items in EconPapers)
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Published as William R. Kerr & Frederic Robert-Nicoud, 2020. "Tech Clusters," Journal of Economic Perspectives, vol 34(3), pages 50-76.
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Journal Article: Tech Clusters (2020)
Working Paper: Tech Clusters (2019)
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