Cluster Theory and Industry Policy: An Overview

17 Pages Posted: 11 Oct 2009

See all articles by Stanislav Bucifal

Stanislav Bucifal

Australian National University (ANU) - Crawford School of Public Policy

Date Written: September 30, 2008

Abstract

The goal of this paper is to discuss the potential of cluster theory to inform industry policy. The essay surveys recent literature published in Australia and in other OECD countries and draws out some of the key issues relevant to policy decisions. The discussion is organised in five sections. The first three sections lay the intellectual foundations by outlining the nature of the theory, identifying some of the strengths and weaknesses of the cluster approach, and highlighting the main contributions of the theory. Section four analyses the policy dimension of cluster theory, which is the main theme of the discussion, and in section five the focus turns to some of the practical issues that might affect policy development and implementation.

Keywords: Economic geography, Industry cluster, Australia's industry policy, Regional development

JEL Classification: L60, L70, L80, L90, F14

Suggested Citation

Bucifal, Stanislav, Cluster Theory and Industry Policy: An Overview (September 30, 2008). Available at SSRN: https://ssrn.com/abstract=1486629 or http://dx.doi.org/10.2139/ssrn.1486629

Stanislav Bucifal (Contact Author)

Australian National University (ANU) - Crawford School of Public Policy ( email )

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

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