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100			_aChen, Jing _954193
245			_aThe Impact of Cluster Diversity on Economic Performance in U.S. Metropolitan Statistical Areas/
260			_bSage, _c2020.
300			_aVol.34, issue 1, 2020: (46–63p.)
520			_aConventional wisdom indicates that economic specialization can promote growth, whereas economic stability is associated with diversified economies. This conflicting relationship between specialization and diversity has been questioned, as regional scientists have suggested that specialization and diversity can coexist in a regional economy and proposed the concept of diversified specializations. To test this proposition empirically, two Herfindahl–Hirschman Indices were used to examine the relationship between economic diversity and economic performance among 359 metropolitan statistical areas in the contiguous United States. The first index measures industry diversity across 87 three-digit North American Industry Classification Systems sectors, and the second index quantifies cluster diversity among 51 economic specializations. This analysis confirms that cluster diversity contributes to both stability and growth, and regions can simultaneously pursue both high and stable economic growth.
773	0		_010589 _916747 _dSage Publisher _tEconomic development quarterly
856			_uhttps://doi.org/10.1177/0891242419892338
942			_2ddc _cART
999			_c13426 _d13426