This paper evaluates the role of regional cluster composition in regional industry performance. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth rate of an industry within a region may be declining in the level of economic...

Title from caption. "First draft: 3 March, 1997; this version: 1 September 1997"--P. [1] -- September 1997"--Cover.