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Tech Clusters

Published:2020-08-01 Issue:3 Volume:34 Page:50-76
ISSN:0895-3309
Container-title:Journal of Economic Perspectives
language:en
Short-container-title:Journal of Economic Perspectives

Author:

Kerr William R.¹,Robert-Nicoud Frederic²

Affiliation:

1. William R. Kerr is the Dimitri V. D’Arbeloff—MBA Class of 1955 Professor of Business Administration, Harvard Business School, Boston, Massachusetts and Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts.

2. Frederic Robert-Nicoud is Professor of Economics, Geneva School of Economics and Management (GSEM), University of Geneva, Geneva, Switzerland, and Research Fellow, Centre for Economic Policy Research, London, United Kingdom.

Abstract

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.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/jep.34.3.50

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