Rethinking asset modification in regional industrial path development: toward a conceptual framework. Issue 2 (1st February 2022)

• Record Type: Journal Article
• Authors: Chen, Yijia
• Is Part Of: Regional studies. Volume 56:Issue 2(2022)
• Page Start: 338
• Page End: 350
• Publication Date: 2022-02-01
• Subjects: regional industrial path development -- asset modification -- asset reconfiguration -- technology -- institution; R11 -- R58; Regional planning -- Periodicals; Regional planning -- Great Britain -- Periodicals; 307.14
• DOI: 10.1080/00343404.2021.1941839
• Languages: English
• ISSNs: 0034-3404

Abstract

ABSTRACT: Asset modification is a key concept in the regional industrial path development literature. Extant research mainly focuses on the process of redeploying pre-existing assets and creating new assets, while little attention has been paid to asset reconfiguration. This article establishes a holistic conceptual framework that describes regional industrial path development as one in which regional actors (1) draw on their pre-existing assets and/or create new assets to prepare assets needed for the new industry; and (2) reconfigure these assets into a configuration that gives birth to the new industry. Finally, a typology linking this understanding to differentiated path development is proposed.