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The Potential Role of Government in Development Process of a Cluster Policy
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Author(s): Hadi Tolga Göksidan (Middle East Technical University, Turkey), Ioannis N. Katsikis (Athens University of Economics and Business, Greece)and Erkan Erdil (Middle East Technical University, Turkey)
Copyright: 2013
Pages: 19
Source title:
Industrial Dynamics, Innovation Policy, and Economic Growth through Technological Advancements
Source Author(s)/Editor(s): I. Hakan Yetkiner (Izmir University of Economics, Turkey), M. Teoman Pamukcu (Middle East Technical University, Turkey)and Erkan Erdil (Middle East Technical University, Turkey)
DOI: 10.4018/978-1-4666-1978-4.ch007
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Abstract
Recent evidence strongly suggests that firms’ joint action may be insufficient for the creation of clusters in order to face the new competitive pressures of globalization. To cope with these pressures, the authors argue that governments can play an important role in the process of creating the development of clusters. Based on a theoretical framework, they examine the way in which governmental intervention and public policies to foster cluster creation may provide positive outcomes. Here, the authors study the different approaches developed in cluster theories and provide an insight into the set of governmental and policy roles that may facilitate the formulation of local clusters. Finally, they propose a re-conceptualization of clusters theory that will potentially increase its value as a comprehensive tool for regional economic development.
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