Western multinational corporations (MNCs) increasingly locate advanced functions, including product development and engineering, in emerging economies to gain access to lower-cost science and engineering (S&E) talent and specialized service providers. Over time, new S&E clusters have developed...

This paper explores the technology spillover effect of foreign direct investment (FDI) in Indian manufacturing industries across different clusters in India. To measure the spillover effect to domestic firms in a particular cluster, a model is used that combines an innovative production function...

Most literature on the economic contributions ofuniversity research has focused on the extent to which these contributions arelocalized; as a result, little has been written about the effects of distanceon the flow of knowledge through different channels.In reality,university-based research...

Regional clusters are important sources ofcompetitiveness for localities; the externalities they generate triggerinnovation and learning. This study considers the importance of cluster effectsin determining the productivity spillovers from foreign direct investment (FDI)in the UK. It focuses on...

This paper examines the link between cluster development and inward foreign direct investment. The conventional policy approach has been to assume that inward foreign direct investment (FDI) can stimulate significant clustering activity, thus generating significant spillovers. This paper,...

Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization,...