Document Type: Original Article

Author

Shahid Beheshti University, Tehran, Iran.

Abstract

In every country, the efficiency and probability of small and medium firms will cause to economic growth. In this regard, present study aimed to investigate the effective factors on the performance of active industrial clusters in large and industrial provinces by Panel-VAR model during 2006-2015. Results indicated that the access to loan, production rate, cluster size, marketing sector in cluster, closeness of cluster to the market, and the increase of manager’s experience have a positive effect while bank facility interest can negatively influence on the performance of industrial clusters.
Keywords: Industrial Clusters, Small and Medium Firms, Panel-VAR Model Performance, Financing
In every country, the efficiency and probability of small and medium firms will cause to economic growth. In this regard, present study aimed to investigate the effective factors on the performance of active industrial clusters in large and industrial provinces by Panel-VAR model during 2006-2015. Results indicated that the access to loan, production rate, cluster size, marketing sector in cluster, closeness of cluster to the market, and the increase of manager’s experience have a positive effect while bank facility interest can negatively influence on the performance of industrial clusters.
Keywords: Industrial Clusters, Small and Medium Firms, Panel-VAR Model Performance, Financing

Keywords