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Beyond Production and Standards: Toward a Status Market Approach to Territorial Innovation and Knowledge Policy

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  • Stewart Macneill
  • Hugues Jeannerat

Abstract

M ac N eill S. and J eannerat H . Beyond production and standards: toward a status market approach to territorial innovation and knowledge policy, Regional Studies . Current theoretical and policy models of innovation are usually production based and give prominence to producer-supplier relations. Drawing on a socio-economic approach to markets, the paper reconsiders these established models in order to broaden the understanding of innovation and territorial knowledge dynamics. The premium segment sports cars innovated in the UK's West Midlands is examined and the production and standard market of the global automotive industry is contrasted with the status market in which new local innovation embed across specific supplier-producer and producer-consumer relations. A status innovation policy approach is finally proposed to address innovation in developed economies.

Suggested Citation

  • Stewart Macneill & Hugues Jeannerat, 2016. "Beyond Production and Standards: Toward a Status Market Approach to Territorial Innovation and Knowledge Policy," Regional Studies, Taylor & Francis Journals, vol. 50(2), pages 245-259, February.
    • Handle: RePEc:taf:regstd:v:50:y:2016:i:2:p:245-259
    DOI: 10.1080/00343404.2015.1019847
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    References listed on IDEAS

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    1. Hugues Jeannerat & Le�la Kebir, 2016. "Knowledge, Resources and Markets: What Economic System of Valuation?," Regional Studies, Taylor & Francis Journals, vol. 50(2), pages 274-288, February.
    2. Smith, Keith, 2002. "What is the 'Knowledge Economy'? Knowledge Intensity and Distributed Knowledge Bases," UNU-INTECH Discussion Paper Series 2002-06, United Nations University - INTECH.
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    Cited by:

    1. Lafuente, Esteban & Vaillant, Yancy & Vendrell-Herrero, Ferran, 2017. "Territorial servitization: Exploring the virtuous circle connecting knowledge-intensive services and new manufacturing businesses," International Journal of Production Economics, Elsevier, vol. 192(C), pages 19-28.
    2. Lijuan Yang, 2024. "The economics of standards: A literature review," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 717-758, July.
    3. Hanna Martin & Roman Martin & Elena Zukauskaite, 2019. "The multiple roles of demand in new regional industrial path development: A conceptual analysis," Environment and Planning A, , vol. 51(8), pages 1741-1757, November.
    4. Hugues Jeannerat & Olivier Crevoisier, 2016. "Editorial: From 'Territorial Innovation Models' to 'Territorial Knowledge Dynamics': On the Learning Value of a New Concept in Regional Studies," Regional Studies, Taylor & Francis Journals, vol. 50(2), pages 185-188, February.
    5. Martin, Hanna & Martin, Roman & Zukauskaite, Elena, 2018. "The Multiple Roles of Demand in Regional Development A Conceptual Analysis," Papers in Innovation Studies 2018/10, Lund University, CIRCLE - Centre for Innovation Research.

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