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Publication - Professor Jonathan Beaverstock

    Cluster Benefits and Costs

    Does Industry or Multinationality Matter?

    Citation

    Pandit, N, Cook, G, Beaverstock, JV & Ghauri, P, 2015, ‘Cluster Benefits and Costs: Does Industry or Multinationality Matter?’.

    Abstract

    This study has two objectives. Firstly, to compare cluster benefits, costs, and processes in two different highly productive clusters holding city location constant: financial services and media in London. To what extent are cluster forces similar and different in these two clusters? The second objective is to compare cluster benefits, costs, and processes for MNEs and UNEs within the two clusters. To what extent are cluster forces similar and different for MNEs and UNEs? Via exploratory factor analysis and logit analysis of derived factor scores, we find that similar factors are at work in each cluster: the factors are largely generic and not industry/cluster specific. We also find that some factors are similarly valued by MNEs and UNEs, some are valued more by MNEs, and some are valued more by UNEs. Importantly, factors falling into each category varies by cluster. So, multinationality matters and what matters is industry/cluster specific.

    Full details in the University publications repository