Title: Industrial policy and cluster development: a literature review

Authors: Xuefeng Liu; Ao Zhang; Yuying Xie

Addresses: School of Management, Xiamen University, Xiamen, 361005, China ' School of Management, Xiamen University, Xiamen, 361005, China ' Department of Economics and Finance, Shepherd University, Shepherdstown, WV, USA

Abstract: The cluster policy plays an important guiding and supporting role in the development of industrial clusters. We first review and summarise the relevant research on policies relating to the development of industrial clusters, divide them into resource-provision policies and environment-improvement policies, and identify the impacts of the different policies on industrial clusters. Then, we summarise the important factors that influence the outcome of the policies in different circumstances. Last, inspired by the prior studies, we propose a dynamic, comprehensive policy formation process that can enhance the effectiveness of policy support and strengthen the sensitivity and responsiveness of the policy to the dynamic changes in the rapid development of industrial clusters.

Keywords: policy; industrial policy; cluster; innovation; policy effect; industrial chain; policy classification.

DOI: 10.1504/IJTPM.2023.131375

International Journal of Technology, Policy and Management, 2023 Vol.23 No.2, pp.187 - 215

Received: 22 Mar 2021
Accepted: 31 Dec 2021
Published online: 09 Jun 2023 *

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