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Clusters, economic performance, and social cohesion: a system dynamics approach

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
0034-3404
Rocha, Hector
fdd9726e-c30d-40dd-a702-9a4eade9db6c
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412
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).

Record type: Article

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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paper RS_RR2 final_clean HR_DA_Title - Accepted Manuscript
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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: https://eprints.soton.ac.uk/id/eprint/435391
ISSN: 0034-3404
PURE UUID: 70051ec6-cc69-4b27-9200-c41448706f83
ORCID for Martin Kunc: ORCID iD orcid.org/0000-0002-3411-4052

Catalogue record

Date deposited: 01 Nov 2019 17:30
Last modified: 03 Dec 2019 01:22

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