Strength of 'Weak-tie' for the Resilience of Regional Industrial Ecology

Authors: Mikyoung Cho, University of Seoul, Myounggu Kang*, University of Seoul
Topics: Economic Geography, Urban and Regional Planning, Business Geography
Keywords: economic resilience, economic ecosystem, network analysis, automotive industry
Session Type: Virtual Paper
Day: 4/7/2021
Start / End Time: 3:05 PM / 4:20 PM
Room: Virtual 23
Presentation File: No File Uploaded

Regional economic crises, such as an employment shock in a manufacturing city, cause job disparities to widen between cities with regional industrial ecosystem capabilities and cities without. A key factor of regional industrial ecosystem capabilities is the interaction between the value chain structure of the industry and entities. Here, an “entity” signifies an individual, firm, or government. Technology and knowledge are transferred and spread through connections between these entities; hence, the interactions between the entities are what drive the entire system of the regional industrial ecosystem.
This study seeks answers to the following questions: “Which regional industrial ecosystems experience less impact and recover faster during economic shocks?” and “What conditions are needed for the extinction of a firm to not lead to the extinction of the region?” Accordingly, through a review of previous research, this study empirically analyzes network structure, which consists of interactions between entities in the regional industrial ecosystem, and geographical proximity for interactions between technology and knowledge.

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