Impact of the Types of Clusters on the Innovation Output and the Appropriation of Rents from Innovation

The ability to generate innovations and from innovation are important for ’ competitive advantage. Increasingly seek abundant locations, or industry clusters, to access novel and generate innovations through recombinations (Schumpeter, 1934). We examine how different types of clusters impact on the , the knowledge flows among the clustered firms and, ultimately, on who captures the rents from innovation. The reflects the configuration of firms and the interactions among firms, individuals and agencies in the cluster and is likely to be a major driver of both the innovative output and of which firms will be more likely to capture the rents from innovation. Extant research has noted that the social and business networks binding firms in clusters are excellent vehicles for the flow of knowledge that eases innovations, but different types of clusters may lead to different outcomes.
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