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What happened to the growth? - The case of the ICT industry in Oulu, Finland

Author

Listed:
  • Jaakko Simonen
  • Timo Koivumäki
  • Veikko Seppänen
  • Sauli Sohlo
  • Rauli Svento

Abstract

In this paper, we attempt to shed some light on how regional high-technology industrial structures and increased globalisation in business strategies combined with structures of knowledge and innovation networks and regional innovation policy can have a significant effect on a region's ability to react to changes in the global economic and technological environment. The aim is to provide a multidisciplinary view of regional development by combining not only the various views of the traditional agglomeration and regional innovation network literature but also the views about changing business strategies. We show, based on the empirical evidence, how the very specialised industrial and highly centralised structure of the innovation network together with regional policy choices can hinder a region's ability to cope with sudden changes in the global economic and technological environment.

Suggested Citation

  • Jaakko Simonen & Timo Koivumäki & Veikko Seppänen & Sauli Sohlo & Rauli Svento, 2016. "What happened to the growth? - The case of the ICT industry in Oulu, Finland," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 29(2), pages 287-308.
  • Handle: RePEc:ids:ijesbu:v:29:y:2016:i:2:p:287-308
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    Cited by:

    1. Jaakko Simonen & Johannes Herala & Rauli Svento, 2020. "Creative destruction and creative resilience: Restructuring of the Nokia dominated high‐tech sector in the Oulu region," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 931-953, October.
    2. Sergey Demin & Anna Mikhaylova & Svetlana Pyankova, 2023. "Digitalization and its impact on regional economy transformation mechanisms," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(1), pages 377-390, February.

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