Rethinking asset modification in regional industrial path development: toward a conceptual framework

Yijia Chen

Regional Studies, 2022, vol. 56, issue 2, 338-350

Abstract: Asset modification is a key concept in the regional industrial path development literature. Extant research mainly focuses on the process of redeploying pre-existing assets and creating new assets, while little attention has been paid to asset reconfiguration. This article establishes a holistic conceptual framework that describes regional industrial path development as one in which regional actors (1) draw on their pre-existing assets and/or create new assets to prepare assets needed for the new industry; and (2) reconfigure these assets into a configuration that gives birth to the new industry. Finally, a typology linking this understanding to differentiated path development is proposed.

Date: 2022
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DOI: 10.1080/00343404.2021.1941839

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