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Assessing the impact of megatrends on regional industrial transformations

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Abstract

Megatrends are long-term, ubiquitous, global and robust transformations influencing the developments of business, environment, economy, society, cultures and citizens' lives on a local and global scale. There is an important grey literature focusing on these megatrends and their impacts. However, this analysis is often not territorialized, despite the gradient of consequences that megatrends might have at the regional level. This working paper proposes a methodological approach combining qualitative insights (including foresight scenarios) and quantitative data to regionalize the impacts of a series of megatrends and types of impacts. This approach is then applied to a sample of megatrends and types of impacts at the EU level. Findings suggest that the megatrends' impacts are not place-neutral in the EU context and that patterns of the most/least affected regions depend on the individual megatrend. Indeed, different patterns can be observed (e.g., North/South, East/West, urban/non-urban, quasi-homogeneous impacts), often in opposite directions for different megatrends. Moreover, the regional level of development cannot be used as a reliable predictor of the impacts, as the correlation may be positive, negative or even inexistent depending on the megatrend.

Suggested Citation

  • Emanuela Sirtori & Louis Colnot, 2020. "Assessing the impact of megatrends on regional industrial transformations," Working Papers 202001, CSIL Centre for Industrial Studies.
  • Handle: RePEc:mst:wpaper:202001
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    File URL: https://www.csilmilano.com/docs/WP2020_01.pdf
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    1. Jordi Jofre-Monseny & Raquel Marín-López & Elisabet Viladecans-Marsal, 2012. "What underlies localization and urbanization economies? Evidence from the location of new firms," Working Papers XREAP2012-08, Xarxa de Referència en Economia Aplicada (XREAP), revised May 2012.
    2. Jordi Jofre-Monseny & Raquel Marín-López & Elisabet Viladecans-Marsal, 2012. "What underlies localization and urbanization economies? Evidence from the location of new firms," Working Papers XREAP2012-08, Xarxa de Referència en Economia Aplicada (XREAP), revised May 2012.
    3. Pierre-Alexandre Balland & Cristian Jara-Figueroa & Sergio G. Petralia & Mathieu P. A. Steijn & David L. Rigby & César A. Hidalgo, 2020. "Complex economic activities concentrate in large cities," Nature Human Behaviour, Nature, vol. 4(3), pages 248-254, March.
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    More about this item

    Keywords

    megatrends; EU regions; foresight analysis; impact assessment; technological change; sustainable development; trans-portation; cities;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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