Management

Creativity, Clusters and the Competitive Advantage of Cities

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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-intraded
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-intraded
employment, on average.

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Publisher

: ., 2015

Collation

1-20

Language

English

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Classification

NONE

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Edition

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Subject(s)

Creativity, Clusters and the Competitive Advantage

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