Evolutionary agglomeration theory: increasing returns, diminishing returns, and the industry life cycle

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Does spatial agglomeration increase national growth? some evidence from Europe (2011, background): “Recent studies by economic geographers tend to support this view, in that there is evidence that agglomeration economies may go through a ‘life cycle’ in terms of the benefits they provide for spatial concentrated industries (Potter and Watts, 2010).”
Rebalancing the Spatial Economy: The Challenge for Regional Theory (2015, background): “There may well be limits to agglomeration; and urban agglomeration economies ebb and flow, perhaps even have ‘life cycles’ (POTTER and WATTS, 2011).”
Revisiting the Tourism-Led Economic Growth Hypothesis: The Case of China (2018, background): “In studying development of cities and regions, many economic geographers have incorporated industry life cycle theories into their economic models (Potter and Watts 2011).”
Clusters for life or life cycles of clusters: in search of the critical factors of clusters' resilience (2014, result): “This result is confirmed by Potter and Watts (2011) who found that Jacob externalities prevail at the beginning of the cycle while Marshallian externalities play a stronger role during the maturity stage of the industry cycle.”