The article investigates the impact of clusters on the social environment and the impact of institutional factors on the formation and development of clusters. The authors proceed from the obvious assumption that the basic prerequisite for successful clustering is the development of...

Cluster initiatives can be classified as government & international organization's interventions in economic processes with the declared purpose of improving the competitiveness of manufacturers due to joining the efforts of the stakeholders. The positive clustering influence on employment and...

The concepts of absorptive capacity and innovative capability have been introduced to describe abilities of a country to imitate and, accordingly, to create more advanced technologies. In this paper we suggest new indicators of these two abilities. To calculate them, we develop an endogenous...

A simple model of imitation and innovation is developed to explain a complicated picture of relative productivity growth in different countries. The model makes difference between global and local innovations and does not assume that a country always imitates the most advanced technology. It is...

A simple model of technological imitation and innovation is developed to explain club convergence in the evolution of the distribution of per-capita GDP over countries. Two versions of the model are studied and compared. The first one includes only innovation-imitation tradeoff, and the second...