Clusters’ development: spin-offs and external economies

Abstract

The claim of the paper is that industrial clusters need to be studied from a dynamic perspective. The complexity of cluster formation may be ascribed to its multi-dimensional and multidisciplinary character. The former refers to the co-involvement of individuals’ decisions, firms’ activities and institutions. The latter relates to the psychological, social, cultural and economic aspects needed to explain the birth end evolution of firms’ agglomerations. The paper proposes that theoretical framework which integrate different explanations, as put in evidence by the different approaches in literature, is more apt for grasping the evolution and complexity of clusters. Particular emphasis is given to the processes of spin-off formation.

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