Creativity, clusters and the competitive advantage of cities
2015 (English)Report (Other academic)
The article marries Michael Porter’s industrial cluster theory of traded and local clusters to Richard Florida’s occupational approach of creative and routine workers to gain a better understanding of the process of economic development. By combining these two approaches, four major industrial-occupational categories are identified. The shares of U.S. Employment in each –creative-in-traded, creative-in-local, routine-in-traded and routine-in-local – are calculated and a correlation analysis is used to examine the relationship of each to regional economic development indicators. Our findings show that economic growth and development is positively related to employment in the creative-in-traded category. While metros with a higher share of creative-in-traded employment enjoy higher wages and incomes overall, these benefits are not experienced by all worker categories. The share of creative-in-traded employment is also positively and significantly associated with higher inequality. After accounting for higher median housing costs, routine workers in both traded and local industries are found to be relatively worse off in metros with high shares of creative-in-traded employment, on average
Place, publisher, year, edition, pages
Toronto: Martin Prosperity Institute , 2015. , 20 p.
, Working Paper Series Martin Prosperity Research, 2015-004
Creativity, clusters, cities, metros, occupations, regional development
IdentifiersURN: urn:nbn:se:hj:diva-28307OAI: oai:DiVA.org:hj-28307DiVA: diva2:868459