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Industrial clusters fuel growth, bring jobs

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10 years ago

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New York: From job creation and development of intellectual property to the formation of new industries, economic clusters of almost all kinds help drive overall growth in multiple ways, according to new research.

Each cluster is composed of multiple related industries that offer complementary activities that give rise to increasing returns, the researchers noted.

“We see more innovation in strong clusters, and strong innovation clusters are also associated with stronger employment,” said study co-author Scott Stern, professor at Massachusetts Institute of Technology’s Sloan School of Management.

The study examined 41 industrial clusters, 589 subfields of industry, and 177 regions in the US spanning the years 1990 to 2005.

Increase in industry specialisation led to employment growth in the regions, the findings showed.

“To me, jobs are a really important outcome, and we have tied that back to economic structure,” Stern said.

The study suggests that a region can improve its economic performance by improving its existing assets, rather than attempting a transformation by chasing industries situated elsewhere.

“Very often, regions are given advice that they should become the next Silicon Valley, or be like some other region,” he said.

“They are told that they are in a global war for talent, or they should try to put out very expensive incentives to attract a single plant.

“What our research suggests is that regions succeed by investing in and extending their comparative advantage,” Stern added.

The findings appeared in the journal Research Policy.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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