New DRUID Working Paper

I have released a new DRUID working paper co-authored with Christian Ø. R. Pedersen and Bent Dalum. It is called "Entrepreneurial Founder Effects in the Growth of Regional Clusters " and it is a focused and improved version of our case study of spin-offs in the wireless communication industry around Aalborg in North Denmark from 2003.

Abstract

How can the growth of regional clusters be explained? This paper studies in great detail the growth of the wireless communication cluster in Northern Denmark. Unlike the dominant theories, we argue that initial success of the first firms are the main driving force behind the generation of new firms that eventually lead to the formation of clusters. The success of the first firms tend to generate spinoffs, which becomes successful themselves due to the background of the founders.

Download here