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New regional industrial path development and innovation networks in times of economic crisis

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  • Jan Ole Rypestøl
  • Roman Martin
  • Nina Kyllingstad

Abstract

This paper presents novel research on how exogenous shocks and economic crises affect innovation, knowledge networks, and new path development in regions. Conceptually, we take a regional innovation systems perspective which views new path development as the outcome of innovation and knowledge exchange between firms and other actors, facilitated by a common institutional framework. Empirically, we draw on interviews and network data from the oil and gas industry in southern Norway. Following a long period of prosperity, the industry was hit by the oil price shock in 2014 and entered an economic crisis. The findings suggest that the shock triggered the firms to commit even more forcefully to innovation and to expand their knowledge networks geographically. To cope with the crisis, they applied a variety of strategies, which can be associated with different forms of path development. We draw conclusions for innovation policy in the context of exogenous shocks and crises.

Suggested Citation

  • Jan Ole Rypestøl & Roman Martin & Nina Kyllingstad, 2022. "New regional industrial path development and innovation networks in times of economic crisis," Industry and Innovation, Taylor & Francis Journals, vol. 29(7), pages 879-898, August.
    • Handle: RePEc:taf:indinn:v:29:y:2022:i:7:p:879-898
    DOI: 10.1080/13662716.2022.2082271
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    Cited by:

    1. Shuguang Liu & Jiayi Wang & Yin Long, 2023. "Research into the Spatiotemporal Characteristics and Influencing Factors of Technological Innovation in China’s Natural Gas Industry from the Perspective of Energy Transition," Sustainability, MDPI, vol. 15(9), pages 1-34, April.
    2. Junzhou Yu & Wenzheng Hu & Ting Deng, 2024. "Towards more resilient economy—analyzing the impact of new-type urbanization on urban economic resilience: mechanisms and spatial spillover boundaries," Economic Change and Restructuring, Springer, vol. 57(5), pages 1-41, October.

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