How to Catch Mutual Effects in Clusters: Comparative Study of Transitional and Developed Economies

International Journal of Transitions and Innovation Systems, Vol. 2, Nos. 3/4, 2012

19 Pages Posted: 6 Jul 2013

See all articles by Anna Bykova

Anna Bykova

National Research University Higher School of Economics

Mariya Molodchik

National Research University Higher School of Economics, Perm Campus

Date Written: December 1, 2012

Abstract

In recent years, links between spatial proximity, and firms’ formal and informal contacts have become a sufficient subject for research in the field of innovation, competitiveness and sustainable economic growth. We introduce a model for the quantitative evaluation of the relationship between cluster participation and innovation capabilities, as well with a company’s growth in value. The paper focuses on comparison in mutual effects for companies from transitional and developed economies. We use a sample of 284 traded European companies between 2005 and 2009 which were carefully applied and subjected to panel data analysis techniques. Our empirical findings show the positive mutual effects on innovation capabilities measured as intangible assets and companies’ economic value added for both transitional and developed economies. Hereby, these links are stronger in developed countries. Moreover, we identify the complementary factors to clustering, such as industry-level public R&D expenses, country innovation infrastructure development and location in a megalopolis.

Keywords: cluster, mutual effects, innovation capability, economic value added, system of innovation

JEL Classification: C12, O52, P51, L22

Suggested Citation

Bykova, Anna A. and Molodchik, Mariya Anatolievna, How to Catch Mutual Effects in Clusters: Comparative Study of Transitional and Developed Economies (December 1, 2012). International Journal of Transitions and Innovation Systems, Vol. 2, Nos. 3/4, 2012, Available at SSRN: https://ssrn.com/abstract=2290509

Anna A. Bykova (Contact Author)

National Research University Higher School of Economics ( email )

Studencheskaya str., 38
Lebedeva str., 28
Perm, Perm 614017
Russia

HOME PAGE: http://www.hse.ru/en/

Mariya Anatolievna Molodchik

National Research University Higher School of Economics, Perm Campus ( email )

Studencheskaya street, 38
Perm, Perm 614017
Russia

HOME PAGE: http://www.hse.ru

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