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Andreoni, Antonio and Frattini, Federico and Prodi, Giorgio (2017) 'Structural cycles and industrial policy alignment: the private–public nexus in the Emilian Packaging Valley.' Cambridge Journal of Economics, 43 (3). pp. 881-904.

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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.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 0309166X
Copyright Statement: © The Author 2016. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. This is the version of the article accepted for publication in Cambridge Journal of Economics published by Oxford University Press https://doi.org/10.1093/cje/bew048
DOI (Digital Object Identifier): https://doi.org/10.1093/cje/bew048
Date Deposited: 22 Oct 2016 16:01
URI: http://eprints.soas.ac.uk/id/eprint/23184
Related URLs: https://doi.org ... 1093/cje/bew048 (Publisher URL)

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