Ethnic Regions Poised for Economic Boom Through Industrial Clustering
In this article, the researchers explore how industries cluster together in one area. They studied how factors like market expansion and production costs influence this clustering. By using measures like the Gini Coefficient and Industrial Agglomeration Index, they analyzed the concentration of industries. The study found that when similar businesses gather in one location, it helps reduce costs and promotes competitiveness. This type of industrial clustering can show how strong an area's economy is. They also found that combining static and dynamic methods provides a better understanding of this industrial clustering process. Ultimately, the research suggests that industrial agglomeration promotes growth and improves economic performance in the analyzed region.