This paper integrates knowledge-based theories of the firm with geograph-ical studies of industrial agglomeration to produce a model that helps explain the competitive advantages enjoyed by proximate firms located in geographical clusters. We propose a hierarchy of specialized knowledge stocks...

We consider the dynamics of knowledge-based sources of advantage as they move betweengeographical locations and multinational and other firm level networks using the specialistcontext of Formula 1 motor over a fifty nine year period. We suggest that shifts incompetitive advantage are underpinned...