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- W1653016044 abstract "Abstract The last chapter by Martin, Mayer, and Mayneris explores why some firms weathered the 2008–2009 crisis better. They focus on the role of cluster policies in allowing some exporters to better survive the collapse of international trade in 2009. This focus allows the authors to address the policy challenges of de-industrialization and worker dislocation which is a theme of the whole book. Previous literature has shown modest gains from public policies that provide incentives for clustering: agglomeration gains are partly internalized by firms in their location choices. Importantly, Martin, Mayer, and Mayneris investigate whether firms in clusters better resist economic shocks. They highlight that by reinforcing the relationships and the interdependencies between firms, clusters might amplify the transmission of shocks, and thus increase the volatility of the activity at the local level. Policy makers interested in promoting clusters need to bear this in mind when evaluating the costs and benefits of implementing a cluster policy." @default.
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- W1653016044 date "2017-03-16" @default.
- W1653016044 modified "2023-10-11" @default.
- W1653016044 title "Are Clusters More Resilient in Crises? Evidence from French Exporters in 2008–2009" @default.
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- W1653016044 doi "https://doi.org/10.1093/acprof:oso/9780198779162.003.0012" @default.
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