MNE Spinoffs and Cluster Development and Growth
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The economic success of well-known innovative industrial clusters such as Silicon Valley and Route 128 has fostered attempts to transform local economies to successful industrial clusters (Feldman, 2001; Feldman & Francies, 2004). Recently, few researchers introduced dynamic cluster development models such as Avnimelech and Teubal (2006); Bresnahan et al. (2001), Feldman (2001); Feldman and Francies (2004); Feldman et al. (2005), and Menzel and Fornahl (2007).