When High Tech ceases to be High Growth: The Loss of Dynamism of the Cambridgeshire Regio
This paper analyses mechanisms of decline and renewal in high-tech regions, illustrated with empirical evidence on the Cambridgeshire high-tech region in the UK. The paper contributes to ecological (â€˜carrying capacityâ€™) and evolutionary (path dependence) theories of regional development. It provides a longitudinal, multilevel analysis of invention, firm, and industry dynamics and change in the supply and costs of resources in order to explain the decline of high-tech regions. While expansion of the Cambridgeshire high-tech region has been sustained over time, recently forces of decline have been stronger than those of renewal. Decline in employment has been most marked in the local telecommunications and biotech sectors, while the creation of variety by new firms has fallen off most strongly in the local IT software & services industry. Increasing diseconomies of agglomeration are in evidence, together with a contraction of finance that may have been a harbinger of financial stringency to come.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +31 30 253 9800
Fax: +31 30 253 7373
Web page: http://www.uu.nl/EN/faculties/leg/organisation/schools/schoolofeconomicsuse/Pages/default.aspx
More information through EDIRC
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Koen Frenken & Ron A. Boschma, 2007.
"A theoretical framework for Evolutionary Economic Geography: Industrial dynamics and urban growth as a branching process,"
Papers in Evolutionary Economic Geography (PEEG)
0701, Utrecht University, Section of Economic Geography, revised Mar 2007.
- Koen Frenken & Ron A. Boschma, 2007. "A theoretical framework for evolutionary economic geography: industrial dynamics and urban growth as a branching process," Journal of Economic Geography, Oxford University Press, vol. 7(5), pages 635-649, September.
- Elizabeth Garnsey, 1998. "The Genesis of the High Technology Milieu: A Study in Complexity," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 22(3), pages 361-377, 09.
- Antony Potter & H. Doug Watts, 2011. "Evolutionary agglomeration theory: increasing returns, diminishing returns, and the industry life cycle," Journal of Economic Geography, Oxford University Press, vol. 11(3), pages 417-455, May.
- Elisabeth Garnsey & Petra Gibcus & F. Stam & Jennifer Telussa, 2007.
"Employment Growth of New Firms,"
Scales Research Reports
H200716, EIM Business and Policy Research.
- Casper, Steven, 2007. "Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries," OUP Catalogue, Oxford University Press, number 9780199269525, March.
- Elizabeth Garnsey & Paul Heffernan, 2005. "High-technology clustering through spin-out and attraction: The Cambridge case," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1127-1144.
- Ron Martin & Peter Sunley, 2006.
"Path dependence and regional economic evolution,"
Journal of Economic Geography,
Oxford University Press, vol. 6(4), pages 395-437, August.
- Steven Klepper, 2007. "Disagreements, Spinoffs, and the Evolution of Detroit as the Capital of the U.S. Automobile Industry," Management Science, INFORMS, vol. 53(4), pages 616-631, April.
- Ron Martin & Peter Sunley, 2003.
"Deconstructing clusters: chaotic concept or policy panacea?,"
Journal of Economic Geography,
Oxford University Press, vol. 3(1), pages 5-35, January.
- Ron Martin & Peter Sunley, 2002. "Deconstructing Clusters: Chaotic Concept or Policy Panacea," ESRC Centre for Business Research - Working Papers wp244, ESRC Centre for Business Research.
- Erik Stam, 2006. "Why Butterflies Don’t Leave. Locational behaviour of entrepreneurial firms," Papers on Entrepreneurship, Growth and Public Policy 2006-20, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Adriaan Van Stel & David Storey, 2004.
"The Link between Firm Births and Job Creation: Is there a Upas Tree Effect?,"
Taylor & Francis Journals, vol. 38(8), pages 893-909.
- Adriaan J. van Stel & David J. Storey, 2004. "The link between firm births and job creation: Is there a Upas Tree effect?," Papers on Entrepreneurship, Growth and Public Policy 2004-33, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Ernst, Holger, 2001. "Patent applications and subsequent changes of performance: evidence from time-series cross-section analyses on the firm level," Research Policy, Elsevier, vol. 30(1), pages 143-157, January.
- Henrekson, Magnus & Johansson, Dan, 2008.
"Gazelles as Job Creators – A Survey and Interpretation of the Evidence,"
Working Paper Series
733, Research Institute of Industrial Economics.
- Magnus Henrekson & Dan Johansson, 2010. "Gazelles as job creators: a survey and interpretation of the evidence," Small Business Economics, Springer, vol. 35(2), pages 227-244, September.
- Henrekson, Magnus & Johansson, Dan, 2008. "Gazelles as Job Creators – A Survey and Interpretation of the Evidence," Ratio Working Papers 117, The Ratio Institute.
- Suma Athreye, 2000.
"Agglomeration and Growth: A Study of the Cambridge Hi-Tech Cluster,"
Open Discussion Papers in Economics
29, The Open University, Faculty of Social Sciences, Department of Economics.
- Suma Athreye, 2003. "Agglomeration And Growth: A Study Of The Cambridge Hi-Tech Cluster," Urban/Regional 0308001, EconWPA.
- Bönte, Werner & Falck, Oliver & Heblich, Stephan, 2009.
"The impact of regional age structure on entrepreneurship,"
Munich Reprints in Economics
20201, University of Munich, Department of Economics.
- Werner Bönte & Oliver Falck & Stephan Heblich, 2009. "The Impact of Regional Age Structure on Entrepreneurship," Economic Geography, Clark University, vol. 85(3), pages 269-287, 07.
- Brezis, Elise S & Krugman, Paul R, 1997.
" Technology and the Life Cycle of Cities,"
Journal of Economic Growth,
Springer, vol. 2(4), pages 369-83, December.
- Peter Maskell & Anders Malmberg, 2007. "Myopia, knowledge development and cluster evolution," Journal of Economic Geography, Oxford University Press, vol. 7(5), pages 603-618, September.
- Audretsch, David B & Falck, Oliver & Feldman, Maryann P & Heblich, Stephan, 2008. "The Lifecycle of Regions," CEPR Discussion Papers 6757, C.E.P.R. Discussion Papers.
- John Glasson & Andrew Chadwick & Helen Lawton Smith, 2004. "Defining, explaining and managing high-tech growth: The case of Oxfordshire," European Planning Studies, Taylor & Francis Journals, vol. 14(4), pages 503-524, November.
- Max-Peter Menzel & Dirk Fornahl, 2010. "Cluster life cycles--dimensions and rationales of cluster evolution," Industrial and Corporate Change, Oxford University Press, vol. 19(1), pages 205-238, February.
- Best, Michael, 2001. "The New Competitive Advantage: The Renewal of American Industry," OUP Catalogue, Oxford University Press, number 9780198297451, March.
- Thomas Brenner & Dirk Fornahl, 2008. "Regional Path-Dependence in Start-up Activity," Papers in Evolutionary Economic Geography (PEEG) 0812, Utrecht University, Section of Economic Geography, revised Jun 2008.
When requesting a correction, please mention this item's handle: RePEc:use:tkiwps:1210. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marina Muilwijk)
If references are entirely missing, you can add them using this form.