DETERMINANTS OF BUSINESS CLUSTER DEVELOPMENT

Authors

DOI:

https://doi.org/10.35774/jee2020.01.099

Keywords:

Business clusters, innovation, competitive advantage, efficiency.

Abstract

Business clusters are a new theory and idea of companies’ functioning, regardless of the kind of business they do or their market shares. Cluster initiatives are a business phenomenon because they are able to combine, and most importantly, to bring benefits to both small and large companies. Organizations with large resources as well as those that do not have a sufficiently large potential are able to cooperate in order to create mutual benefits, increase their competitiveness and obtain better financial results. The impulse for creating business clusters in a region is caused by the need to broadly support innovation and cooperation of business entities with scientific research and local government institutions in order to achieve common socio-economic benefits for the region.

JEL: F23, F61, O31.

References

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Published

09.03.2020

How to Cite

DMUCHOWSKI, Robert. “DETERMINANTS OF BUSINESS CLUSTER DEVELOPMENT”. Journal of European Economy, vol. 19, no. 1, Mar. 2020, pp. 99-113, doi:10.35774/jee2020.01.099.

Issue

Section

REGIONALIZATION IN EUROPEAN ECONOMIC AREA