Linkage lock-in and regional economic development


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Linkage lock-in and regional economic development

Vis færre oplysninger Sornn-Friese, Henrik en_US Simoni Sørensen, Janne en_US 2009-02-04T10:26:30Z 2009-02-04T10:26:30Z 2003-11-28T00:00:00Z en_US
dc.identifier.isbn 8791181437 en_US
dc.description.abstract This paper investigates barriers to the process of regional economic development from a linkage perspective. It develops the concepts of linkage lock-in and switching costs as fundamental factors explaining some of the social dynamics of the process. The overall claim of the paper is that different types of costs and their determinants may lock firms in to existing linkages, creating a probable barrier to successful regional economic development. The paper defines linkage lock-in as the difficulty in switching to alternative linkage partners, even if this is desirable. Switching costs are the costs involved in terminating and forming linkages. The extent of transaction costs, dynamic transaction costs and opportunity costs delineate switching costs in interfirm linkages. The paper further elaborates on the concept of opportunity costs; it states that in dynamically competitive environments a class of opportunity costs, namely learning opportunity costs might arise as a result of the relative importance of learning and innovation. Learning opportunity costs are defined as the costs of missing key possibilities to learn in dynamically competitive environments. They are furthermore seen as being constituted by cognitive costs, which in turn are influenced by the existence of information costs. The theoretical argument is illustrated by a case study of the medical part of the Øresund medi-tech plastic industry. Key words: Regional economic development; interfirm linkages and switching costs; lock-in and learning; cross-border business; medi-tech plastic industry. JEL classifications: D83, L14, L22, L68, R58 en_US
dc.format.extent 27 s. en_US
dc.language eng en_US
dc.relation.ispartofseries LOK Working paper;2003-2 en_US
dc.subject.other plastindustri en_US
dc.subject.other regionaludvikling en_US
dc.subject.other strategisk planlægning en_US
dc.subject.other strategiske alliancer en_US
dc.subject.other regionaløkonomi en_US
dc.subject.other øresund medi-tech plastic industri en_US
dc.title Linkage lock-in and regional economic development en_US
dc.type wp en_US
dc.accessionstatus modt03nov28 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS
dc.contributor.corporation Center for Management, Organization and Competence
dc.contributor.department Institut for Industriøkonomi og Virksomhedsstrategi en_US
dc.contributor.departmentshort IVS en_US
dc.contributor.departmentuk Department of Industrial Economics & Strategy en_US
dc.contributor.departmentukshort IES
dc.idnumber 8791181437 en_US København en_US
dc.publisher.year 2003 en_US
dc.title.subtitle the case of the Øresund medi-tech plastic industry en_US

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