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‘Home-sourcing’ and closer value chains in mature economies: the case of Spanish manufacturing

Author

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  • David Bailey
  • Carlo Corradini
  • Lisa De Propris

Abstract

This paper offers a novel perspective on manufacturing home-sourcing. We present evidence that home-sourcing occurs in the context of a new competitive environment where the relative importance of scale economies versus variety is altered, and a recoupling of innovation and production within industrial ecosystems becomes desirable. We look at the determinants of manufacturing home-sourcing. We find that R&D-intensive businesses with core non-standardized products are more likely to switch sourcing of components to the home economy from abroad. Our findings provide evidence in favour of increasing trends towards closer value chains for knowledge-intensive production, suggesting that the possibilities for (and potential impact of) home-sourcing have not been fully recognised as pathways to industrial and economic renewal in mature economies. The implications for industrial policy are to focus on the resilience of existing national industrial ecosystems and their attractiveness and ability to integrate incoming business opportunities.

Suggested Citation

  • David Bailey & Carlo Corradini & Lisa De Propris, 2018. "‘Home-sourcing’ and closer value chains in mature economies: the case of Spanish manufacturing," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(6), pages 1567-1584.
    • Handle: RePEc:oup:cambje:v:42:y:2018:i:6:p:1567-1584.
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    File URL: http://hdl.handle.net/10.1093/cje/bey020
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    Cited by:

    1. Prodi, Elena & Tassinari, Mattia & Ferrannini, Andrea & Rubini, Lauretta, 2022. "Industry 4.0 policy from a sociotechnical perspective: The case of German competence centres," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    2. Mariachiara Barzotto & Lisa De Propris, 2021. "The value of firm linkages in the age of industry 4.0: a qualitative comparative analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(2), pages 245-272, October.
    3. Diletta Pegoraro & Lisa Propris & Agnieszka Chidlow, 2022. "Regional factors enabling manufacturing reshoring strategies: A case study perspective," Journal of International Business Policy, Palgrave Macmillan, vol. 5(1), pages 112-133, March.
    4. Fernando Merino & Cristina Di Stefano & Luciano Fratocchi, 2021. "Back-shoring vs near-shoring: a comparative exploratory study in the footwear industry," Operations Management Research, Springer, vol. 14(1), pages 17-37, June.

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