Explaining the dynamics of relatedness: The role of co-location and complexity

Juhász, Sándor, Broekel, Tom and Boschma, Ron (2020) Explaining the dynamics of relatedness: The role of co-location and complexity. Papers in Regional Science . DOI

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Relatedness has become a key concept for studying the diversification of firms, regions and countries. However, studies tend to treat relatedness as being time-invariant or, alternatively, consider its evolution as exogenously given. This study argues that relatedness is inherently dynamic and endogenous to technological and economic developments. Using patent data, we test the extent to which relatedness between technologies developed along co-location and differences in technological complexity in 1980–2010. Our results show that co-located technologies are more likely to become related over time. Moreover, our results suggest that co-location and complexity of technologies are conducive to the intensification of relatedness over time.

Item Type:Article
Divisions:Corvinus Institute for Advanced Studies (CIAS)
Subjects:Economic development
ID Code:6130
Deposited By: Veronika Vitéz
Deposited On:01 Dec 2020 17:51
Last Modified:13 Apr 2022 11:30

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