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We define a dynamic and self-adjusting mixture of Gaussian Graphical Models to cluster financial returns, and provide a …
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management (e.g. resource-based view) and the economic geography literature (e.g. cluster approach), variables from three … from revealing that being located in a cluster indeed increases on average firm innovativeness, one of the central findings … is that firms benefit unequally within the cluster environment depending on the specific firm-level, cluster …
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This paper provides two things. First, it gives an overview on the existing top-down methods for the identification of clusters (Section II). Second, it presents a new method that has been recently introduced by Scholl and Brenner (2016) in a basic version. However, the existing version of this...
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