Evaluation of Cluster Policy: A Methodological Overview

Abstract

Cluster policy is increasingly becoming part of many governments’ economic policy strategies. At the same time, evidence-based policy-making is gaining importance, bringing about a call for policy evaluation. Since the quality of the evaluation results depends highly on the method used, data, assumptions and techniques must be adequate for the specific evaluation question. This holds for cluster policy evaluation in particular, given the complexity and indirect nature of cluster policy interventions. This article provides an overview of evaluation methods suited to the ex-post analysis of cluster policy, covering both micro- and macroeconomic approaches.