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Enterprise and Competitive Advantage in the Australian Context: A Spatial Econometric Perspective

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  • Paul Plummer
  • Michael Taylor

Abstract

Contemporary understanding of the evolution of the geography of uneven development is dominated by research derived from either the ‘new’ geographical economics or the new regionalism, typically in the context of either the European Union or North America. By way of contrast, we consider local economic performance in the Australian context. Building on Fingleton's work, we employ a spatial econometric modeling methodology to account for the role of both endogenous technological change and export orientation in determining local competitive advantage. The evidence suggests that competitiveness depends on both the indigenous characteristics of a local economy and its exposure to global competition. Entreprise et compétitivité dans le contexte australien: une perspective économétrique spatiale R ésumé Les connaissances contemporaines sur l’évolution de la géographie de développements irréguliers sont dominées par la recherche dérivée d'une « nouvelle » économie géographique ou du nouveau régionalisme, généralement dans le contexte de l'Union européenne ou de l'Amérique du Nord. A titre de contraste, nous examinons les performances économiques locales dans le contexte de l'Australie. En nous basant sur Fingleton, nous appliquons une méthodologie de modélisation économétrique spatiale pour interpréter le rôle de variations technologiques endogènes et de l'orientation de l'exportation dans la détermination de la compétitivité locale. Les résultats des recherches indiquent que la compétitivité est tributaire à la fois des caractéristiques indigènes d'une économie locale et de son exposition à la concurrence mondiale. Empresas y la ventaja competitiva en el contexto australiano: una perspectiva econométrica espacial E xtracto La comprensión contemporánea de la geografía evolutiva del desarrollo desigual está dominada por investigación derivada de la ‘nueva’ economía geográfica o del nuevo regionalismo, típicamente en el contexto de la Unión Europea o de Norteamérica. A modo de contraste, consideramos el rendimiento económico local dentro del contexto australiano. Basándonos en Fingleton, empleamos una metodología de modelación econométrica espacial para tener en cuenta la función del cambio tecnológico endógeno y la orientación de la exportación a la hora de determinar la ventaja competitiva local. La evidencia sugiere que la competitividad depende de las características indígenas de una economía local y en su exposición a la competencia global.

Suggested Citation

  • Paul Plummer & Michael Taylor, 2011. "Enterprise and Competitive Advantage in the Australian Context: A Spatial Econometric Perspective," Spatial Economic Analysis, Taylor & Francis Journals, vol. 6(3), pages 311-330, January.
  • Handle: RePEc:taf:specan:v:6:y:2011:i:3:p:311-330
    DOI: 10.1080/17421772.2011.586719
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    References listed on IDEAS

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    1. Christopher F Baum, 2006. "An Introduction to Modern Econometrics using Stata," Stata Press books, StataCorp LP, number imeus, April.
    2. David F. Hendry & Bent Nielsen, 2007. "Preface to Econometric Modeling: A Likelihood Approach," Introductory Chapters,in: Econometric Modeling: A Likelihood Approach Princeton University Press.
    3. David F. Hendry & Bent Nielsen, 2007. "The Bernoulli model, from Econometric Modeling: A Likelihood Approach," Introductory Chapters,in: Econometric Modeling: A Likelihood Approach Princeton University Press.
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