Regional knowledge spaces: the interplay of entry-relatedness and entry-potential for technological change and growth

Dieter Kogler, Ronald Davies, Changjun Lee and Keungoui Kim ()
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Changjun Lee: Hanyang University
Keungoui Kim: AI Convergence Institute, Handong Global University

The Journal of Technology Transfer, 2023, vol. 48, issue 2, No 7, 645-668

Abstract: 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-15 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.

Keywords: Regional knowledge space; Entry-relatedness; Knowledge gravity model; Entry-potential; Co-occurrence network; Patent analysis; Technological change; EU (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Working Paper: Regional Knowledge Spaces: The Interplay of Entry-Relatedness and Entry-Potential for Technological Change and Growth (2021)
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DOI: 10.1007/s10961-022-09924-2

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