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Regional clusters are spatial agglomerations of firms operating in the same or connected industries, which enable innovation and economic performance for firms. A wealth of empirical literature shows that one of key elements of the success of regional clusters is that they facilitate the formation of local inter-organizational networks, which act as conduits of knowledge and innovation. While most studies focus on the benefits and characteristics of regional cluster networks and focus on advanced economies and 'Hot spots', this paper advances with the existing literature by analyzing network dynamics and taking an emerging economy's perspective.
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