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Technology Mining of Gulf Coast Intellectual Assets: Discovering Regional Assets for Economic Development

In: Management Of Technology Innovation And Value Creation Selected Papers from the 16th International Conference on Management of Technology

Author

Listed:
  • Cherie Courseault Trumbach

    (Department of Management, University of New Orleans, 2000 Lakeshore Dr, New Orleans, La, 70148, USA)

  • Sandra Hartman

    (Department of Management, University of New Orleans, 2000 Lakeshore Dr, New Orleans, La, 70148, USA)

  • Olof Lundberg

    (Department of Management, University of New Orleans, 2000 Lakeshore Dr, New Orleans, La, 70148, USA)

Abstract

The Gulf Coast is facing significant challenges in rebuilding after Hurricane Katrina. Post disaster perceptions of blight and crime have severely harmed the bread-and-butter industry of the area: tourism. As a result, the region must take inventory of its intellectual assets in order to determine new areas for economic development. This chapter first discusses the importance of absorptive capacity in economic development. It then presents results from a technology mining study conducted on the intellectual assets (publications and patents) along what is known as the 1-10 Corridor in Louisiana, Mississippi, and Alabama. These results reveal indicators of the economic development struggle of the region. More importantly, they reveal the technology areas, largely economically untapped, where the region exhibits strong research capabilities and educational focus, indicating high levels of absorptive capacity and thus, are areas prime for economic development. In addition, the paper demonstrates how technology mining can be used as a tool to aid in economic development decision-making.

Suggested Citation

  • Cherie Courseault Trumbach & Sandra Hartman & Olof Lundberg, 2008. "Technology Mining of Gulf Coast Intellectual Assets: Discovering Regional Assets for Economic Development," World Scientific Book Chapters, in: Mostafa Hashem Sherif & Tarek M Khalil (ed.), Management Of Technology Innovation And Value Creation Selected Papers from the 16th International Conference on Management of Technology, chapter 16, pages 253-273, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812790545_0016
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