Specialised Markets and the Behaviour of Firms: Evidence from the Uk's Regional Economies

Open University Discussion Papers in Economics No. 33

Posted: 2 Jun 2001

See all articles by Suma Athreye

Suma Athreye

Brunel University London - Brunel Business School

David E. Keeble

University of Cambridge

Abstract

A key feature of the UK's South East regional economy in recent decades has been the development of several intermediate markets in specialised business services. This paper investigates whether the greater development of specialised markets in the South East is associated with different competitive and technological behaviours of innovative firms in this region when compared with firms in the Industrial Heartland regions of the West Midlands, North West England and Yorkshire and Humberside. We find greater buying and selling of technology by firms, and the presence of technological externalities in the South East, even when the services-intensive nature of the region's production is accounted for. Industrial Heartland firms, in contrast, more frequently collaborate with domestic suppliers who are also an important source of technology. They also have greater collaboration with Higher Education Institutes.

Keywords: Specialised intermediate markets, inter-firm division of labour, technological behaviour, regional development and regional advantages

JEL Classification: R0, R3, 03, H4, L8

Suggested Citation

Athreye, Suma S. and Keeble, David E., Specialised Markets and the Behaviour of Firms: Evidence from the Uk's Regional Economies. Open University Discussion Papers in Economics No. 33. Available at SSRN: https://ssrn.com/abstract=271671

Suma S. Athreye (Contact Author)

Brunel University London - Brunel Business School ( email )

Kingston Lane
Eastern Gateway Building
Uxbridge, Middlesex UB8 3PH
United Kingdom

David E. Keeble

University of Cambridge ( email )

Department of Geography Downing Place
CB3 0DS Cambridge
United Kingdom

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