Munich Personal RePEc Archive

The spillover effects of the ICT cluster support in Córdoba

Boneu, Franco and Giuliodori, David and Maffioli, Alessandro and Rodríguez, Alejandro and Stucchi, Rodolfo (2014): The spillover effects of the ICT cluster support in Córdoba.

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Abstract

This paper presents evidence on the spillover effect associated with the support received by firms located in a City of Argentina, between 2003 and 2007. The rationale for the cluster development program was the presence of agglomeration economies and coordination failures that generated spillovers and therefore to a suboptimal allocation of resources. We use a panel of firms in the ICT sector for the period 2003-2011 that allowed us to control for the dynamics of firms’ sales and fixed-effect applying the System GMM estimator. We find that one additional participant in the program increases the sales of non-participants in the City of Córdoba by 0.7%.

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