Regional Clusters and Product Market Outcomes During Turbulent Times
研究发现在大衰退及复苏期间，位于密集区域集群中的企业销售增长更快、不确定性更低、投资和就业增长更高，估值显著提升，表明集群在动荡时期提供竞争优势。
Abstract We examine whether location within a dense regional cluster of interconnected businesses affected firm performance during the Great Recession and the subsequent recovery. Firms in denser regional clusters experienced faster sales growth than their rivals in less dense clusters, especially firms operating in more competitive industries and those more able to reap agglomeration benefits. They also faced lower uncertainty, invested more in both physical capital and intangible capital, and maintained higher employment growth. Their greater resiliency and agility led to significant increases in their valuations. These results suggest that regional clusters provide competitive advantages during turbulent times.