In a new study "Towards fact-based cluster policies" focusing on the Life Science clusters in the Baltic Sea Region, we show that when companies establish clusters they lay out the foundation for increased growth. Copenhagen Economics has been co-author of the report and has been responsible for the econometric analysis. The study shows that greater specialization increases productivity. Furthermore, based on a large scale survey of life-science firms, we find that clusters create a good framework for knowledge sharing and innovation of products and services. We show that this is linked to higher productivity of the firms involved (+23%). The high productivity is the key to long-term competitiveness of the Baltic life science firms. Read the report here

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