Abstract:
Clusters are considered as an interfirm network joining resources and knowledge for gaining some profits. The distinct feature of clusters is generating some positive effects that provide certain comparative advantages for clusters. The present paper attempts to contribute to the literatures on interfirm networks and geographical agglomeration by investigating the effects of clusters on regional economic development. The study explores and examines some crucial factors influencing clustering and provides an overview on five positive effect determined — agglomeration effect, learning effect, innovation effect, institutional and synergic effect.
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