Business Clusters, Networks and Economic Development
September 1, 2011
ENCYCLOPEDIA OF SOCIAL NETWORKS, pp. 224-230, G. Barnett, ed., Sage Publications, 2011
Economic networks (EN) refer to a diverse set of interconnected economic agents such as: business networks (BN), inter-organisational networks (ION), supply chain networks (SCN), credit networks (CN), ownership networks, innovation networks, investment networks, or any other economic activity which is carried out across organizational, geographic, or political boundaries and involves multiple interconnected agents. In order to address the complexity of this phenomenon, a multitude of theories have been employed.
This contribution outlines research on micro processes and macro outcomes from economic networks, the nature of economic behaviour in a complex environment, the behaviour of economic actors on the competition/cooperation continuum, and the effect of endogeneity and exogenous influences, and the heterogeneity of actors.
Number of Pages in PDF File: 8
Keywords: economic networks, micro, macro, endogeneiry, heterogeneous actors
JEL Classification: B25 ,B30, D20, D21, D23, L14, L22
Date posted: September 30, 2011