Industrial Clusters, Agglomeration and Economic Development

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 30 June 2024 | Viewed by 1226

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Guest Editor
Institute for International Trade and Investment, 1-4-5, 37 Kowa Building Tsukiji, Chuoku, Tokyo, Japan
Interests: regional integration; anti-globalization; globalization; global value chain; agglomeration; income gaps
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Special Issue Information

Dear Colleagues,

Countries now face the challenge of how companies can drive innovation under the Fourth Industrial Revolution. The COVID-19 pandemic has made us realize that all countries across the globe require a "digital" economy as well as a "green" economy. Clusters, or agglomerations, are one of the most effective regional growth strategies for overcoming the current challenges. Its analysis can be performed from various angles, including organizational management, spatial economics, and sequencing economics. First, spatial economics can be used to drive location conditions in economic decision making. Second, sequencing economics provides an architectural theory of agglomeration. It analyzes the dynamic processes that construct segments of agglomerations efficiently and discusses how segments of agglomerations are sequenced for their efficient construction. Third, geographic management theory attempts to identify the factors that contribute to the competitive advantage of a region. Other approaches to clusters and economic development are welcome. This Special Issue aims to publish original theoretical and empirical papers and/or case studies on various aspects of clusters.

Prof. Dr. Kuchiki Akifumi
Guest Editor

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Keywords

  • agglomeration
  • innovation
  • location theory
  • sequencing
  • building process
  • management
  • digital
  • green
  • case studies

Published Papers (1 paper)

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Research

16 pages, 1771 KiB  
Article
Sectoral Performance Trends and Differences in the Balkan and Eastern European Region
by Tamás Kristóf, Attila Virág and Miklós Virág
Economies 2024, 12(4), 87; https://doi.org/10.3390/economies12040087 - 11 Apr 2024
Viewed by 925
Abstract
This article provides an empirical analysis aimed at evaluating the financial trends and disparities at the sector level within the Balkan and Eastern European region. The dataset encompasses a period of nine years and comprises more than 20 million firm-year observations from 24 [...] Read more.
This article provides an empirical analysis aimed at evaluating the financial trends and disparities at the sector level within the Balkan and Eastern European region. The dataset encompasses a period of nine years and comprises more than 20 million firm-year observations from 24 industries in 21 countries. It uses 19 financial ratios to assess sectoral performance. In the empirical investigation, trend analysis and the two-step cluster analysis methods were used. Following the global financial crisis, a significant proportion of financial ratios exhibited favorable trends, indicating robust business and economic circumstances. Nevertheless, this trajectory was temporarily disrupted in 2020 due to the onset of the COVID-19 pandemic. By 2021, the financial ratios had reverted back to their historical patterns. Country membership, margin, liquidity, trade turnover, profitability, and leverage ratios are the most effective variables for explaining differences in sectoral performance. Sector membership is a comparatively less influential factor. Although this study effectively identified significant disparities in financial ratio profiles, it does not suggest that companies in the most developed countries in the region attain the most favorable financial performance. Stakeholders who have a vested interest in this region should carefully contemplate the ramifications of the findings from this study. Full article
(This article belongs to the Special Issue Industrial Clusters, Agglomeration and Economic Development)
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