NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Clusters of Entrepreneurship and Innovation

Aaron Chatterji, Edward L. Glaeser, William R. Kerr

NBER Working Paper No. 19013
Issued in May 2013
NBER Program(s):   PR

This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United States. We discuss rationales for the agglomeration of these activities and the economic consequences of clusters. We identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation. While arguments exist for and against policy support of entrepreneurial clusters, our understanding of what works and how it works is quite limited. The best path forward involves extensive experimentation and careful evaluation.

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Published: Clusters of Entrepreneurship and Innovation, Aaron Chatterji, Edward Glaeser, William Kerr, in Innovation Policy and the Economy, Volume 14 (2013), University of Chicago Press

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