On firms’ product space evolution: the role of firm and local product relatedness

Alessia Lo Turco and Daniela Maggioni

No 1517, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: We explore the role of firm and local product-specific capabilities in fostering the introduction of new products in the Turkish manufacturing. Firms' product space evolution is characterised by strong cognitive path dependence which, however, is relaxed by firm heterogeneity in terms of size, efficiency and international exposure. The introduction of new products in laggard Eastern regions, which is importantly related to the evolution of their industrial output, is mainly affected by firm internal product specific resources. On the contrary, product innovations in Western advanced regions hinge relatively more on the availability of suitable local competencies.

Keywords: Product relatedness; Firm heterogeneity; Product Innovation (search for similar items in EconPapers)
JEL-codes: D22 O12 O53 (search for similar items in EconPapers)
Date: 2015-05, Revised 2015-05
New Economics Papers: this item is included in nep-ara, nep-bec, nep-com, nep-cse, nep-cwa, nep-ino and nep-sbm
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: On firms’ product space evolution: the role of firm and local product relatedness (2016)
Working Paper: On firms' product space evolution: the role of firm and local product relatedness (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1517

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