Clusters, economic performance, and social cohesion: a system dynamics approach
Clusters, economic performance, and social cohesion: a system dynamics approach
Cluster policies pervade all regions of the world to promote employment growth, innovation and entrepreneurship. Yet, research mostly focuses on cluster economic performance, but less on regional social cohesion, which is important when economic growth coexists with deprivation, poverty and inequality. The paper’s aim is to understand both the economic and the social dynamics of clusters by developing a theoretical model based on system dynamics. It shows that clusters with positive economic performance do not necessarily lead to regional social cohesion. Multiple positive economic-related feedback processes can be mitigated by negative social-related feedback processes. Implications for academics and policy-makers are proposed.
clusters, Economic growth, economic development, social cohesion, system dynamics
Rocha, Hector
fdd9726e-c30d-40dd-a702-9a4eade9db6c
Kunc, Martin
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Audretsch, David
63c0bafe-f321-45e9-ad4f-51ae1b169946
Rocha, Hector
fdd9726e-c30d-40dd-a702-9a4eade9db6c
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412
Audretsch, David
63c0bafe-f321-45e9-ad4f-51ae1b169946
Rocha, Hector, Kunc, Martin and Audretsch, David
(2019)
Clusters, economic performance, and social cohesion: a system dynamics approach.
Regional Studies.
(doi:10.1080/00343404.2019.1668550).
Abstract
Cluster policies pervade all regions of the world to promote employment growth, innovation and entrepreneurship. Yet, research mostly focuses on cluster economic performance, but less on regional social cohesion, which is important when economic growth coexists with deprivation, poverty and inequality. The paper’s aim is to understand both the economic and the social dynamics of clusters by developing a theoretical model based on system dynamics. It shows that clusters with positive economic performance do not necessarily lead to regional social cohesion. Multiple positive economic-related feedback processes can be mitigated by negative social-related feedback processes. Implications for academics and policy-makers are proposed.
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More information
Accepted/In Press date: 31 August 2019
e-pub ahead of print date: 21 October 2019
Keywords:
clusters, Economic growth, economic development, social cohesion, system dynamics
Identifiers
Local EPrints ID: 435391
URI: http://eprints.soton.ac.uk/id/eprint/435391
ISSN: 0034-3404
PURE UUID: 70051ec6-cc69-4b27-9200-c41448706f83
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Date deposited: 01 Nov 2019 17:30
Last modified: 17 Mar 2024 03:55
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Author:
Hector Rocha
Author:
David Audretsch
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