While the literature on agglomeration externalities has emphasized the competitive and productivity benefits associated with the concentration and co-location of related industries – i.e., industry clusters – the research is sparse on whether regions with specialized industry clusters...

Cluster theory provides a framework for analyzing regional industry dynamics. Definitions and categorizations of clusters vary, however, hindering the development of econometric models for cluster analysis. We propose empirical measures relevant to researchers and practitioners for cluster...

In 1988, James Coleman observed that “social capital is defined by its function. It is not a single entity but a variety of different entities, with two elements in common: they all consist of some aspect of social structures, and they facilitate certain actions of actors-whether persons or...