Regional Knowledge Spaces: The Interplay of Entry-Relatedness and Entry-Potential for Technological Change and Growth

DC FieldValueLanguage
dc.contributor.authorKogler, Dieter F.-
dc.contributor.authorDavies, Ronald B.-
dc.contributor.authorLee, Changjun-
dc.contributor.authorKim, Keungoui-
dc.date.accessioned2022-01-14T13:06:33Z-
dc.date.available2022-01-14T13:06:33Z-
dc.date.copyright2021 the Authorsen_US
dc.date.issued2021-09-20-
dc.identifier.urihttp://hdl.handle.net/10197/12731-
dc.description.abstractThis 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.en_US
dc.description.sponsorshipEuropean Commission Horizon 2020en_US
dc.description.sponsorshipScience Foundation Irelanden_US
dc.language.isoenen_US
dc.publisherUniversity College Dublin. Spatial Dynamics Laben_US
dc.relation.ispartofseriesUCD Spatial Dynamics Lab Working Paper Seriesen_US
dc.subjectRegional knowledge spaceen_US
dc.subjectEntry-relatednessen_US
dc.subjectEntry-potentialen_US
dc.subjectTechnological changeen_US
dc.subjectEconomic growthen_US
dc.subjectPatent analysisen_US
dc.subject.classificationO33en_US
dc.subject.classificationO31en_US
dc.subject.classificationR11en_US
dc.titleRegional Knowledge Spaces: The Interplay of Entry-Relatedness and Entry-Potential for Technological Change and Growthen_US
dc.typeWorking Paperen_US
dc.statusNot peer revieweden_US
dc.neeo.contributorKogler|Dieter F.|aut|-
dc.neeo.contributorDavies|Ronald B.|aut|-
dc.neeo.contributorLee|Changjun|aut|-
dc.neeo.contributorKim|Keungoui|aut|-
dc.rights.licensehttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/en_US
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Insight Research Collection
Economics Research Collection
UCD Spatial Dynamics Lab Working Papers
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