Working Paper: NBER ID: w27421
Authors: William R. Kerr; Frédéric Robert-Nicoud
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.
Keywords: No keywords provided
JEL Codes: L26; M13; O30; O31; R11; R12
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| tech clusters (L63) | economic influence (F69) |
| knowledge spillovers (O36) | increased innovation (O35) |
| density of firms (R30) | rate of innovation (O35) |
| high-skilled immigration (J61) | formation and success of tech clusters (O36) |
| universities and anchor firms (D29) | establishment of tech clusters (O39) |