" Home - sourcing " and closer value chains in mature economies : the case of Spanish manufacturing David Bailey, Carlo Corradini and Lisa De Propris
By: Bailey, David
.
Contributor(s): Corradini, Carlo | De Propris, Lisa.
Material type: 
ArticlePublisher: 2018Subject(s): VIVIENDA | EQUIPAMIENTO | INDUSTRIA | ESPAÑAOnline resources: Click here to access online
In:
Cambridge Journal of Economics v. 42, n. 6, November 2018, p. 1567-1584Summary: 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.
| Item type | Current location | Home library | Call number | URL | Status | Date due | Barcode |
|---|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1352/2018/6-2 (Browse shelf) | https://academic.oup.com/cje/issue/42/6 | Available | OP 1352/2018/6-2 |
Resumen.
Bibliografía.
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.
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