Kichko, Sergey; Liang, Wen-Jung; Mai, Zhaocheng; … - 2020
, which allows us to determine necessary and sufficient conditions for a tech cluster to emerge as an equilibrium outcome. We … tech cluster to form. Not only is the productivity of the final sector higher when intermediate firms cluster, but a tech … cluster hosts more intermediate firms and more R&D and production activities, and yields greater worker welfare, compared to …