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The Cluster Scoreboard Please cite this paper as: Temouri, Y. (2012), “The Cluster Scoreboard: Measuring the Performance of Local Business Clusters in the Knowledge Economy”, OECD Local Economic and Employment Development (LEED) Working Papers, 2012/13, OECD Publishing. http://dx.doi.org/10.1787/5k94ghq8p5kd-en OECD Local Economic and Employment Development (LEED) Working Papers 2012/13 The Cluster Scoreboard MEASURING THE PERFORMANCE OF LOCAL BUSINESS CLUSTERS IN THE KNOWLEDGE ECONOMY Yama Temouri THE CLUSTER SCOREBOARD MEASURING THE PERFORMANCE OF LOCAL BUSINESS CLUSTERS IN THE KNOWLEDGE ECONOMY Yama Temouri TABLE OF CONTENTS EDITORIAL NOTE ........................................................................................................................................ 4 SUMMARY .................................................................................................................................................... 5 INTRODUCTION ........................................................................................................................................... 6 THE SELECTED CLUSTERS ....................................................................................................................... 7 THE SCOREBOARD ................................................................................................................................... 11 Entrepreneurialism ..................................................................................................................................... 11 Indicator ................................................................................................................................................. 11 Rankings ................................................................................................................................................. 12 Key findings ........................................................................................................................................... 14 Employment ............................................................................................................................................... 14 Indicator ................................................................................................................................................. 14 Rankings ................................................................................................................................................. 15 Key findings ........................................................................................................................................... 17 Economic growth (turnover) ...................................................................................................................... 17 Indicator .................................................................................................................................................. 17 Rankings ................................................................................................................................................. 18 Key findings ............................................................................................................................................ 20 Economic growth (profitability) ................................................................................................................ 21 Indicator .................................................................................................................................................. 21 Rankings ................................................................................................................................................. 22 Key findings ............................................................................................................................................ 24 Financial viability (liquidity ratio) ............................................................................................................. 24 Indicator ................................................................................................................................................. 24 Ranking .................................................................................................................................................. 24 Key findings ........................................................................................................................................... 27 Financial viability (solvency) .................................................................................................................... 27 Indicator ................................................................................................................................................. 27 Rankings ................................................................................................................................................. 28 Key findings ........................................................................................................................................... 30 The composite indicator ............................................................................................................................. 30 Indicator ................................................................................................................................................. 30 Rankings ................................................................................................................................................. 30 Key findings ............................................................................................................................................ 33 CONCLUSIONS ........................................................................................................................................... 33 ANNEX I – THE SCOREBOARD METHODOLOGY ............................................................................... 34 2 The ORBIS database .................................................................................................................................. 34 The identification of clusters ..................................................................................................................... 35 The indicators ............................................................................................................................................ 35 Methodological caveats ............................................................................................................................. 35 ANNEX II –THE SCOREBOARD CLUSTERS IN DETAIL ..................................................................... 37 REFERENCES ............................................................................................................................................. 41 Tables Table 1. List of high-tech manufacturing clusters in the scoreboard ..................................................... 9 Table 2. List of knowledge-intensive services clusters in the scoreboard ........................................... 10 Table 3. Ranking of HTM clusters by proportion of young firms (aged below 5 years) .................... 12 Table 4. Ranking of KISA clusters by proportion of young firms (aged below 5 years) .................... 13 Table 5. Ranking of HTM clusters by employment growth rate ......................................................... 15 Table 6. Ranking of KISA clusters by employment growth ................................................................ 16 Table 7. Ranking of HTM clusters by turnover growth ...................................................................... 18 Table 8. Ranking of KISA clusters by turnover growth ...................................................................... 19 Table 9. Ranking of HTM clusters by profitability growth ................................................................. 22 Table 10. Ranking of KISA clusters by profitability growth ................................................................ 23 Table 11. Ranking of HTM clusters by liquidity ratio .......................................................................... 25 Table 12. Ranking of KISA clusters by liquidity ratio .......................................................................... 26 Table 13. Ranking of HTM clusters by solvency ratio .......................................................................... 28 Table 14. Ranking of KISA clusters by solvency ratio ......................................................................... 29 Table 15. Ranking of HTM clusters by the composite indicator ........................................................... 31 Table 16. Ranking of KISA clusters by composite indicator ................................................................ 32 3 EDITORIAL NOTE This report has been prepared by Yama Temouri of Aston University, United Kingdom, as part of the programme of work of the Local Economic and Employment Development Committee of the Organisation of Economic Co-operation and Development on boosting entrepreneurship, under the supervision of Jonathan Potter and Marco Marchese of the OECD LEED Secretariat. Advice and support was provided by Chris Jones (Aston University) and Stefano Menghinello (ISTAT). 4 SUMMARY The OECD cluster scoreboard presents results on the entrepreneurship performance of 80 selected local enterprise clusters in two key innovative sectors with important roles in local economic growth; high- technology
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