Knowledge, Resources and Markets: What Economic System of Valuation?

Abstract

Knowledge, resources and markets: what economic system of valuation?, Regional Studies. Exploring in ever more detail learning processes at the root of economic change, main territorial innovation models (TIMs) remain focused on production today. Thus consumption is most often assessed as an abstract demand expressed by exogenous market mechanisms. In a socio-institutional approach, this article conceptualizes an economic system in which knowledge is a constructed resource valued in a market through the co-evolution of a production and a consumption system. From a meta-synthesis of various case studies, the paper draws four ideal types of economic systems and their related territorial knowledge dynamics (TKDs): knowledge marketization, knowledge improvement, knowledge adaptation and knowledge co-development. , pp. 274-288, 2016 which should be used for any reference to this work JEANNERAT H. y KEBIR L. Conocimientos, recursos y mercados: ¿qué sistema económico de valoración?, Regional Studies. Los principales modelos actuales de innovación territorial estudian cada vez más a fondo los procesos de aprendizaje en los cimientos del cambio económico y se concentran en la producción. De este modo, se evalúa con más frecuencia el consumo como una demanda abstracta exprimida por los mecanismos exógenos del mercado. Desde una perspectiva socio-institucional, en este artículo se conceptualiza un sistema económico donde el conocimiento es un recurso construido que se valora en el mercado a través de la coevolución de un sistema de producción y consumo. A partir de una metasíntesis de varios estudios de casos, se analizan cuatro tipos ideales de sistemas económicos y sus dinámicas territoriales de conocimiento relacionadas: la comercialización, la mejora, la adaptación y el codesarrollo del conocimiento.Published in Regional Studies 50, issue 2Modelos de innovación territorial Dinámicas territoriales de conocimiento Recursos Mercados Sistema económico de valoración EURODITE JEL classifications: R1, R5, R10, R58

Beyond the Single Path View: Interpath Dynamics in Regional Contexts

“…To unpack the nature of interpath linkages in a regional context, we thus follow Sandén and Hillman (2011) and Bergek et al (2015) and differentiate between two key dimensions, the market dimension (demand side) and the asset dimension (referring here to assets required for developing novel products and solutions, reflecting the supply side). Incorporating both dimensions into the analysis is crucial and well in line with recent calls in the innovation studies literature to complement conventional production-side driven explanations of innovation-based path development by accounts of the demand side and processes through which novel products or technologies become a valuable solution for users (Jeannerat and Kebir 2016). Binz and Truffer (2017) note that market access, financial investment, and legitimacy are key elements of such valuation processes.…”

Spatial lifecycles of cleantech industries – The global development history of solar photovoltaics

“…Yet, lifecycle concepts have also been criticized on various grounds, some of which are of key significance for the locational dynamics of emerging cleantech industries. We here focus on one key line of thought, which posits that the literature has emphasized the supply side (manufacturing processes and the emergence of dominant designs), while downplaying the demand side (market diffusion and the active construction of new market segments) and knowledge network's role in the spatial dynamics of new industries (Jeannerat and Kebir, 2016;Malerba, 2006;Murmann and Frenken, 2006). A key open question in lifecycle literature accordingly is whether and how spatial shifts in manufacturing activities co-evolve with shifts in knowledge networks and market deployment (Malerba, 2006).…”

Firm survival in complex value chains and global innovation systems: Evidence from solar photovoltaics

“…The valuation system, in turn, refers to the process by which a product is connected to (market or social) values (Jeannerat and Kebir, 2016). This social construction process can evolve in standardized or customized patterns .…”