NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Tech Clusters

William R. Kerr, Frédéric Robert-Nicoud

NBER Working Paper No. 27421
Issued in June 2020
NBER Program(s):Labor Studies, Productivity, Innovation, and Entrepreneurship

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what constitutes a tech cluster, how they function internally, and the degree to which policy makers can purposefully foster them. We describe the growing influence of advanced technologies for businesses outside of traditional tech fields, the strains and backlash that tech clusters are experiencing, and emerging research questions for theory and empirical work.

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Document Object Identifier (DOI): 10.3386/w27421

 
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