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Something New: Where do new industries come from?

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  • Feldman , Maryann P.

    (Department of Public Policy, University of North Carolina at Chapel Hill, U.S.)

  • Tavassoli , Sam

    (CIRCLE, Lund University)

Abstract

Emerging industries have great potential for both entrepreneurship and regional transformation. The emergent earliest stage of the industry lifecycle is when there is the greatest potential and when local factors matter most however we typically can only identify new industries in retrospect. This chapter provides an overview of the transformative potential of emerging industries and considers the challenges associated with studying emerging industries in real time. The chapter considers the regional context for studying new industries and offers a set of regional factors that might promote the emergence of new industries.

Suggested Citation

  • Feldman , Maryann P. & Tavassoli , Sam, 2015. "Something New: Where do new industries come from?," Papers in Innovation Studies 2015/49, Lund University, CIRCLE - Centre for Innovation Research.
    • Handle: RePEc:hhs:lucirc:2015_049
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    1. Potts, Jason & Kastelle, Tim, 2017. "Economics of innovation in Australian agricultural economics and policy," Economic Analysis and Policy, Elsevier, vol. 54(C), pages 96-104.
    2. Tavassoli, Sam & Karlsson, Charlie, 2021. "The role of location on complexity of firms’ innovation outcome," Technological Forecasting and Social Change, Elsevier, vol. 162(C).

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    More about this item

    Keywords

    emerging industries; geography of innovation; market-pull; science-push; local economic development;
    All these keywords.

    JEL classification:

    • N90 - Economic History - - Regional and Urban History - - - General, International, or Comparative
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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