Industrial Clusters
Equilibrium, Welfare and Policy
Bibliographic Data
| ID | 9723919 |
|---|---|
| Authors | Victor D Norman, Victor Norman (Center for Economic and Policy Research), Anthony J Venables (0000-0003-0251-7479, Center for Economic and Policy Research) |
| Year | 2004 |
| Volume | 71 |
| Issue | 284 |
| Pages | 543-558 |
| Publication date | 2004-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.0013-0427.2004.00387.x |
| OpenAlex | W2103159927 |
| Language | EN |
| Citations received | 1 |
| References cited | 6 |
This paper studies the size and number of industrial clusters that arise in a multi‐country world in which one sector has a propensity to cluster because of increasing returns to scale. Equilibrium will generally have smaller clusters than the world welfare optimum, and possibly too many countries with a cluster. Countries have an incentive to use policy to attract an industrial cluster, but the equilibrium of the policy game between governments coincides with the world optimum so there is no ‘race to the bottom’. Capping subsidy rates would lead to a proliferation of too many and too small clusters
Cluster (spacecraft) · Economic welfare · Economics · Incentive · Market economy · Microeconomics · Subsidy · Welfare · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization · Regional Economics and Spatial Analysis
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2020 - 2020 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |