[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/zbw/espost/168356.html
   My bibliography  Save this article

Funding Structure of the European and North American Clusters: Results from an Independent Questionnaire

Author

Listed:
  • Burger, Peter
  • Baumohl, Eduard
  • Vyrostova, Eva
Abstract
We use a unique dataset of 167 North American and European clusters’ funding structures, obtained from an independent questionnaire survey carried out in the first half of 2016. The aim of this study is to determine possible differences in the proportions of public and private funds in the financing clusters from these two regions. Our results show that there is not a statistically significant difference in public-to-private funding sources among the European vs. American clusters. The proportion of public-to-private sources is on average approximately 43:57 in both regions. However, overall private sources of financing are significantly higher than funds obtained from public sources when we compare average values without respect to geographical regions. Furthermore, using a seemingly unrelated regression model, we identify dominant sources of public funding – in the European clusters dominate European Union budgets (24.29%), and for American clusters, the more prevailing sources are national (26.25%) and local budgets (10%).

Suggested Citation

  • Burger, Peter & Baumohl, Eduard & Vyrostova, Eva, 2017. "Funding Structure of the European and North American Clusters: Results from an Independent Questionnaire," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 65(6), pages 485-504.
    • Handle: RePEc:zbw:espost:168356
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/168356/1/Burger%20et%20al.%20%282017%29.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ehrl, Philipp, 2013. "Agglomeration economies with consistent productivity estimates," Regional Science and Urban Economics, Elsevier, vol. 43(5), pages 751-763.
    2. Christian Ketels, 2013. "Recent research on competitiveness and clusters: what are the implications for regional policy?," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 269-284.
    3. Andini, Monica & de Blasio, Guido & Duranton, Gilles & Strange, William C., 2013. "Marshallian labour market pooling: Evidence from Italy," Regional Science and Urban Economics, Elsevier, vol. 43(6), pages 1008-1022.
    4. Hans-Martin Zademach, 2009. "Global finance and the development of regional clusters: tracing paths in Munich's film and TV industry," Journal of Economic Geography, Oxford University Press, vol. 9(5), pages 697-722, September.
    5. Susana Borrás & Dimitrios Tsagdis, 2008. "Cluster Policies in Europe," Books, Edward Elgar Publishing, number 4134.
    6. Martin, Philippe & Mayer, Thierry & Mayneris, Florian, 2011. "Public support to clusters: A firm level study of French "Local Productive Systems"," Regional Science and Urban Economics, Elsevier, vol. 41(2), pages 108-123, March.
    7. Rolf Sternberg & Matthias Kiese & Dennis Stockinger, 2010. "Cluster Policies in the US and Germany: Varieties of Capitalism Perspective on Two High-Tech States," Environment and Planning C, , vol. 28(6), pages 1063-1082, December.
    8. Ron Martin & Peter Sunley, 2003. "Deconstructing clusters: chaotic concept or policy panacea?," Journal of Economic Geography, Oxford University Press, vol. 3(1), pages 5-35, January.
    9. Falck, Oliver & Heblich, Stephan & Kipar, Stefan, 2010. "Industrial innovation: Direct evidence from a cluster-oriented policy," Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 574-582, November.
    10. Hiroyuki Okamuro & Junichi Nishimura, 2015. "Local Management of National Cluster Policies: Comparative Case Studies of Japanese, German, and French Biotechnology Clusters," Administrative Sciences, MDPI, vol. 5(4), pages 1-27, November.
    11. repec:hal:wpspec:info:hdl:2441/c8dmi8nm4pdjkuc9g8mc0ghsn is not listed on IDEAS
    12. Gilles Duranton, 2011. "California Dreamin': The Feeble Case for Cluster Policies," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 3(1), pages 3-45, July.
    13. repec:hal:spmain:info:hdl:2441/c8dmi8nm4pdjkuc9g8mc0ghsn is not listed on IDEAS
    14. Manning, Stephan & Ricart, Joan E. & Rosatti Rique, Maria Soledad & Lewin, Arie Y., 2010. "From blind spots to hotspots: How knowledge services clusters develop and attract foreign investment," Journal of International Management, Elsevier, vol. 16(4), pages 369-382, December.
    15. Andy Cumbers & Danny MacKinnon, 2004. "Introduction: Clusters in Urban and Regional Development," Urban Studies, Urban Studies Journal Limited, vol. 41(5-6), pages 959-969, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Okamuro, Hiroyuki & Nishimura, Junichi, 2018. "Whose business is your project? A comparative study of different subsidy policy schemes for collaborative R&D," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 85-96.
    2. Graf, Holger & Broekel, Tom, 2020. "A shot in the dark? Policy influence on cluster networks," Research Policy, Elsevier, vol. 49(3).
    3. Okamuro, Hiroyuki & Nishimura, Junichi, 2011. "Management of Cluster Policies: Case Studies of Japanese, German, and French Bio-clusters," CEI Working Paper Series 2011-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. Nathan, Max, 2022. "Does light touch cluster policy work? Evaluating the tech city programme," Research Policy, Elsevier, vol. 51(9).
    5. Matthias Firgo & Peter Mayerhofer, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 1: Wissens-Spillovers und regionale Entwicklung – Welche strukturpolitische Ausrichtung optimiert das Wach," WIFO Studies, WIFO, number 58342, March.
    6. Grashof, Nils, 2020. "Putting the watering can away Towards a targeted (problem-oriented) cluster policy framework," Papers in Innovation Studies 2020/4, Lund University, CIRCLE - Centre for Innovation Research.
    7. Stefan Kipar, 2012. "Determinants of Firm Innovation - Evidence from German Panel Data," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 45.
    8. Hiroyuki Okamuro & Junichi Nishimura, 2015. "Local Management of National Cluster Policies: Comparative Case Studies of Japanese, German, and French Biotechnology Clusters," Administrative Sciences, MDPI, vol. 5(4), pages 1-27, November.
    9. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    10. Matthias Kiese, 2019. "Regional cluster policies in Germany: challenges, impacts and evaluation practices," The Journal of Technology Transfer, Springer, vol. 44(6), pages 1698-1719, December.
    11. Hiroyuki Okamuro & Junichi Nishimura, 2021. "Effects of multilevel policy mix of public R&D subsidies: Empirical evidence from Japanese local SMEs [The Impact of R&D Subsidies on R&D Employment Composition]," Science and Public Policy, Oxford University Press, vol. 48(6), pages 829-840.
    12. Neumark, David & Simpson, Helen, 2015. "Place-Based Policies," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 1197-1287, Elsevier.
    13. Kristian Behrens, 2016. "Agglomeration and clusters: Tools and insights from coagglomeration patterns," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1293-1339, November.
    14. María José Aranguren Querejeta & James R. Wilson, 2013. "What can experience with clusters teach us about fostering regional smart specialisation?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 83(02), pages 127-174.
    15. Martin Gornig & Alexander Schiersch, 2019. "Agglomeration Economies and the Firm TFP: Different Effects across Industries," Discussion Papers of DIW Berlin 1788, DIW Berlin, German Institute for Economic Research.
    16. Uwe Cantner & Holger Graf & Michael Rothgang, 2019. "Geographical clustering and the evaluation of cluster policies: introduction," The Journal of Technology Transfer, Springer, vol. 44(6), pages 1665-1672, December.
    17. Takano, Keisuke & Okamuro, Hiroyuki, 2019. "Local R&D support as a driver of network diversification? A comparative evaluation of innovation policies in neighboring prefectures in Japan," TDB-CAREE Discussion Paper Series E-2019-02, Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy, Graduate School of Economics, Hitotsubashi University.
    18. Uwe Cantner & Holger Graf & Susanne Hinzmann, 2013. "Policy Induced Innovation Networks: The Case of the German “Leading-Edge Cluster Competition”," Advances in Spatial Science, in: Thomas Scherngell (ed.), The Geography of Networks and R&D Collaborations, edition 127, chapter 0, pages 335-352, Springer.
    19. Hiroyuki Okamuro & Junichi Nishimura, 2020. "What Shapes Local Innovation Policies? Empirical Evidence from Japanese Cities," Administrative Sciences, MDPI, vol. 10(1), pages 1-22, February.
    20. Nils Grashof, 2020. "Firm‐specific cluster effects: A meta‐analysis," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1237-1260, October.

    More about this item

    Keywords

    clusters; funding; public/private sources; financial structure;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:espost:168356. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.