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

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Title: Regional Knowledge Spaces: The Interplay of Entry-Relatedness and Entry-Potential for Technological Change and Growth
Authors: Kogler, Dieter F.Davies, Ronald B.Lee, ChangjunKim, Keungoui
Permanent link: http://hdl.handle.net/10197/12731
Date: 20-Sep-2021
Online since: 2022-01-14T13:06:33Z
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.
Funding Details: European Commission Horizon 2020
Science Foundation Ireland
Type of material: Working Paper
Publisher: University College Dublin. Spatial Dynamics Lab
Series/Report no.: UCD Spatial Dynamics Lab Working Paper Series
Copyright (published version): 2021 the Authors
Keywords: Regional knowledge spaceEntry-relatednessEntry-potentialTechnological changeEconomic growthPatent analysis
JEL Codes: O33; O31; R11
Language: en
Status of Item: Not peer reviewed
This item is made available under a Creative Commons License: https://creativecommons.org/licenses/by-nc-nd/3.0/ie/
Appears in Collections:Insight Research Collection
Economics Research Collection
UCD Spatial Dynamics Lab Working Papers

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