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Mobility of Knowledge. Territorial Knowledge Dynamics in luxury car industry. Beyond standard and production markets

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Abstract

At regional level a number of models, such as innovation systems and cluster have been developed which have been influential on this policy support. Policy initiatives based around these models are firmly rooted in a technological model of innovation and a standard market situation which takes little account of the socio-economic environment and the potential for downstream based innovation. Here we present a case study of the automotive industry in the UK West Midlands region where we consider innovation networks and knowledge developments associated with a shift from the standard market, largely prevalent in the sector, towards a status based market. We observe how, in the status market, composite knowledge networking and interaction with consumers is integral to the innovation process.

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  • Macneill Stewart & Hugues Jeannerat, 2013. "Mobility of Knowledge. Territorial Knowledge Dynamics in luxury car industry. Beyond standard and production markets," GRET Publications and Working Papers 01-13, GRET Group of Research in Territorial Economy, University of Neuchâtel.
    • Handle: RePEc:nct:wpaper:01-13
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    Cited by:

    1. Yari Vecchio & Felice Adinolfi & Claudia Albani & Luca Bartoli & Marcello De Rosa, 2020. "Boosting Sustainable Innovation in Densely Populated Areas: A Milieux Innovateurs Approach," Sustainability, MDPI, vol. 12(21), pages 1-15, November.

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    More about this item

    Keywords

    Territorial knowledge dynamics; production market; status market; territorial innovation models; EURODITE;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G1 - Financial Economics - - General Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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