Industrial Clusters and Regional Development: A Transaction-Costs Perspective on the Semiconductor Industry

Posted: 4 Nov 2009

See all articles by Philip McCann

Philip McCann

University of Reading - Department of Economics

Tomokazu Arita

affiliation not provided to SSRN

Date Written: 2004

Abstract

The semiconductor industry is examined in order to explain the different types of institutional frameworks underlying the various notions of industrial cluster and to investigate possible relationships between clustering and innovative regional development. Following a general discussion of the semiconductor industry, the various cluster types identified in the literature are outlined.Next, three different spatial-organizational firm examples from the industry are described.These examples include the Japanese semiconductor producers Sanyo and OKI and the United States producer Motorola.Although these examples appear to reflect simple new industrial clustering arguments, they actually reflect a counterexample in which industrial clustering is used to promote innovation within the firm while at the same time reducing the types of inter-firm information flows and transactions assumed by the simple new industrial clusters literature. Taken together, the counterexamples suggest that many of the assumptions underlying the hypothesized relationship between new industrial clusters and regional entrepreneurship are unfounded. (SAA)

Keywords: Institutional frameworks, Semiconductor industry, Clusters, Geographic distribution, High technology industries, Interfirm alliances, Regional development, Transaction costs

Suggested Citation

McCann, Philip and Arita, Tomokazu, Industrial Clusters and Regional Development: A Transaction-Costs Perspective on the Semiconductor Industry (2004). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship, Available at SSRN: https://ssrn.com/abstract=1496762

Philip McCann (Contact Author)

University of Reading - Department of Economics ( email )

Reading, RG6 6AA
United Kingdom
+44 (0)118 9314074 (Phone)

HOME PAGE: http://www.rdg.ac.uk/IEAS/staff/McCann.htm

Tomokazu Arita

affiliation not provided to SSRN

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