Catch-up cycles and changes in industrial leadership in six industries
|Starts:||12:00 6 Sep 2016|
|Ends:||13:00 6 Sep 2016|
|What is it:||Seminar|
|Organiser:||Manchester Institute of Innovation Research|
This paper proposes an explanation of successive changes in industry leadership (which we call catch-up cycles) in which new firms and countries emerge in international leadership of a sector and others decline, and in which also the new leaders are then dethroned by other newcomers.
It takes a sectoral system view and, within that framework, to identify windows of opportunity that may emerge during the long run evolution of a sectoral system. Three windows related to the specific dimens
ions of a sectoral system are proposed: one related to changes in knowledge and technology,
the second to changes in demand and the third to changes in institutions and public policy.
The paper claims that it is the combination of the opening of a window (technological, demand or institutional/policy), the presence of capabilities and the appropriateness of responses/strategies by the actors that determines the changes in industrial leadership and catch up by latecomer firms.
Sectors differ according to the type of windows that may open up most frequently may open up and to the patterns of change in the market shares among the key players.
The paper discusses the cases of nine sectors, ranging from high technology (camera, semiconductors, mobile phones and aircraft), to scale intensive sectors (steel and shipbuilding), to service sectors (IT services and games) and to traditional ones (wine), and also present the results of simulation analysis.
Role: Professor of Economics
Organisation: Seoul Nationla University
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