The Next Silicon Valley? On the Relationship between Geographical Clustering and Public Policy

International Entrepreneurship Management Journal, 2008

15 Pages Posted: 6 Sep 2008

See all articles by Gert-Jan Hospers

Gert-Jan Hospers

University of Twente

Pierre Desrochers

University of Toronto - Department of Geography; PERC - Property and Environment Research Center

Frederic Sautet

The Catholic University of America (CUA) - Busch School of Business

Date Written: 2008

Abstract

Inspired by the success of geographical clustering in California, many governments pursue cluster policy in the hope to build the next Silicon Valley. In this paper we critically assess the relationship between geographical clustering and public policy. With the help of a range of theoretical insights and case study examples we show that cluster policy in fact is a risky\venture, especially when it is tried to copy the success of regional 'best practices'. Therefore, we advice policy makers to move away from the Silicon Valley model and to modestly start from a place-specific approach of 'Regional Realism'.

Keywords: Clustering, Geography, Innovation, Public policy, Austrian economics

JEL Classification: O2, R00, R5

Suggested Citation

Hospers, Gert-Jan and Desrochers, Pierre and Sautet, Frederic E., The Next Silicon Valley? On the Relationship between Geographical Clustering and Public Policy (2008). International Entrepreneurship Management Journal, 2008, Available at SSRN: https://ssrn.com/abstract=1262979

Gert-Jan Hospers

University of Twente ( email )

Faculty of Public Administration & Public Policy
Postbus 217
7500 AE Enschede
Netherlands

Pierre Desrochers

University of Toronto - Department of Geography ( email )

Mississauga, Ontario
Canada
(905) 828-5206 (Phone)
(905) 828-5273 (Fax)

HOME PAGE: http://eratos.erin.utoronto.ca/desrochers/

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

Frederic E. Sautet (Contact Author)

The Catholic University of America (CUA) - Busch School of Business ( email )

Maloney Hall
620 Michigan Ave, NE
Washington, DC 20064
United States

HOME PAGE: http://business.cua.edu/faculty/sautet.cfm

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
214
Abstract Views
1,451
rank
157,500
PlumX Metrics