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Regional Knowledge Spaces: The Interplay of Entry-Relatedness and Entry-Potential for Technological Change and Growth
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Kogler et al 2020 Regional Knowledge Spaces and Entry Relatedness Entry Potential.pdf | Kogler et al 2020 Regional Knowledge Spaces and Entry Relatedness Entry Potential | 680.32 KB |
Date Issued
20 September 2021
Date Available
14T13:06:33Z January 2022
Abstract
This paper aims to uncover the mechanism of how the network properties of regional knowledge spaces contribute to technological change from the perspective of regional knowledge entry-relatedness and regional knowledge entry-potential. Entry-relatedness, which has been previously employed to investigate the technology evolution of regional economies, is advanced by introducing a knowledge gravity model. The entry-potential of a newly acquired regional specialisation has been largely ignored in the relevant literature; surprisingly given the high relevance that is attributed to the recombination potential of new capabilities. In other words, just adding new knowledge domains to a system is not sufficient alone, it really depends on how these fit into the existing system and thus can generate wider economic benefits. Based on an empirical analysis of EU Metro and non-Metro regions from 1981 to 2015, we find that entry-relatedness has a significant negative association with novel inventive activities, while entry-potential has a significant positive association with the development of novel products and processes of economic value. This highlights that regions’ capacity to venture into high-potential areas of technological specialization in the knowledge space outperforms purely relatedness driven diversification that is frequently promoted in the relevant literature.
Sponsorship
European Commission Horizon 2020
Science Foundation Ireland
Type of Material
Working Paper
Publisher
University College Dublin. Spatial Dynamics Lab
Series
UCD Spatial Dynamics Lab Working Paper Series
Copyright (Published Version)
2021 the Authors
Classification
O33
O31
R11
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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