Regional assets and value capture trajectories: the growth and demise of an Australian automotive supplier

IF 3.7 1区经济学 Q1 ECONOMICS

Review of International Political Economy Pub Date : 2022-10-17 DOI:10.1080/09692290.2022.2127119

Sally A. Weller, A. Rainnie

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引用次数: 1

Abstract

Abstract This article examines the relationship between regional assets and value capture with a focus on knowledge and intellectual property assets. It traces, over an extended time horizon, the upgrading and later downgrading path of a single supplier firm in a peripheral location to illuminate the degree to which value capture trajectories are shaped by the power geometries of regional, network, and macroeconomic forces. The analysis suggests that functional upgrading does not insulate firms from the risk of downgrading and exclusion, but rather that it changes the nature of their vulnerabilities. In this case, functional upgrading was associated with ownership changes, a progressive disassociation of intellectual property assets from their underlying regional knowledge resources, the relocation of production activities to hubs in global networks, and eventually to the redirection of captured value from the region. The analysis contends that regional assets are assets that capture value in the region, and that when knowledge-based regional assets are created by interactions within firms, firms should be considered as regional assets. The conclusion considers the implications for regional development.

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区域资产和价值捕获轨迹：一家澳大利亚汽车供应商的成长与消亡

摘要本文研究了区域资产与价值捕获之间的关系，重点是知识产权和知识产权资产。它在一个较长的时间范围内追踪了外围地区单个供应商公司的升级和后来的降级路径，以阐明区域、网络和宏观经济力量的权力几何结构在多大程度上塑造了价值捕获轨迹。分析表明，功能升级并没有使企业免受降级和排斥的风险，而是改变了其脆弱性的性质。在这种情况下，功能升级与所有权的变化、知识产权资产与其基础区域知识资源的逐步分离、生产活动转移到全球网络的中心，以及最终从该区域获得的价值的重定向有关。该分析认为，区域资产是获取该区域价值的资产，当基于知识的区域资产是由企业内部的互动创造的时，企业应被视为区域资产。结论考虑了对区域发展的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of International Political Economy Multiple-

CiteScore

9.20

自引率

9.30%

发文量

期刊介绍： The Review of Political Economy is a peer-reviewed journal welcoming constructive and critical contributions in all areas of political economy, including the Austrian, Behavioral Economics, Feminist Economics, Institutionalist, Marxian, Post Keynesian, and Sraffian traditions. The Review publishes both theoretical and empirical research, and is also open to submissions in methodology, economic history and the history of economic thought that cast light on issues of contemporary relevance in political economy. Comments on articles published in the Review are encouraged.