The depth of the Great Recession and the current COVID-19 crisis have increased the interest in the economic resilience of regions. This paper evaluates the role of clusters in the resilience of regional industry employment to economic downturns. Regions specialized in particular clusters...

Clusters are geographic concentrations of industries related by knowledge, skills, inputs, demand, and/or other linkages. A growing body of empirical literature has shown the positive impact of clusters on regional and industry performance, including job creation, patenting, and new business...

This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters and regions. 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...