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Structural cycles and industrial policy alignment: the private–public nexus in the Emilian Packaging Valley

Author

Listed:
  • Antonio Andreoni
  • Federico Frattini
  • Giorgio Prodi

Abstract

The article investigates changes in the interaction between business organisations, local governments and public technology intermediaries resulting from business organisations’ shifts towards higher-value product segment opportunities. Specifically, we analyse how local governments can (or not) align their industrial policies to the industrial transformations—both technological and organisational—underpinning firms’ value creation–capture dynamics. The concept of structural cycle is introduced here to study the two interdependent processes of ‘technology transition’ and ‘organisational reconfiguration’ characterising those firms shifting towards higher-value product segments. This private–public nexus is investigated in the Emilian Packaging Valley context. The mixed-method study focuses on the case of IMA Spa, its shifts from the food to the pharmaceutical value product segment of the packaging machine industry and its changing relationships with regional public policies and institutions. A number of industrial policy implications for sustainable value creation dynamics in local production systems are finally derived.

Suggested Citation

  • Antonio Andreoni & Federico Frattini & Giorgio Prodi, 2017. "Structural cycles and industrial policy alignment: the private–public nexus in the Emilian Packaging Valley," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 881-904.
    • Handle: RePEc:oup:cambje:v:41:y:2017:i:3:p:881-904.
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    File URL: http://hdl.handle.net/10.1093/cje/bew048
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    Citations

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    Cited by:

    1. Amankwah-Amoah, Joseph & Hinson, Robert E. & Honyenuga, Ben & Lu, Yingfa, 2019. "Accounting for the transitions after entrepreneurial business failure: An emerging market perspective," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 148-158.
    2. Dávila-Fernández, Marwil J. & Sordi, Serena, 2020. "Structural change in a growing open economy: Attitudes and institutions in Latin America and Asia," Economic Modelling, Elsevier, vol. 91(C), pages 358-385.
    3. Andreoni, Antonio & Chang, Ha-Joon, 2019. "The political economy of industrial policy: Structural interdependencies, policy alignment and conflict management," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 136-150.
    4. Andreoni, Antonio & Tregenna, Fiona, 2020. "Escaping the middle-income technology trap: A comparative analysis of industrial policies in China, Brazil and South Africa," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 324-340.
    5. Marwil J. Dávila-Fernández & Serena Sordi, 2019. "From open economies to attitudes towards change. Growth and institutions in Latin America and Asia," Department of Economics University of Siena 809, Department of Economics, University of Siena.
    6. Antonio Andreoni & Ha-Joon Chang, 2016. "Industrial policy and the future of manufacturing," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 491-502, December.

    More about this item

    Keywords

    Structural cycle; Industrial policy; Policy alignment; Packaging machine industry; Emilia-Romagna;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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