Location Advantage: Emergent and Guided Co-Evolutions

Cuervo-Cazurra, A., Martin de Holan, P., and Sanz, L. 2014. Location Advantages: Emergent and Guided Co-Evolutions. Journal of Business Research, 67(4): 508-515.

19 Pages Posted: 27 Dec 2018

See all articles by Alvaro Cuervo-Cazurra

Alvaro Cuervo-Cazurra

Northeastern University - Department of International Business and Strategy

Pablo Martin de Holan

affiliation not provided to SSRN

Luis Sanz

affiliation not provided to SSRN

Date Written: April 15, 2013

Abstract

We analyze how location advantages created and developed at the country level. We argue that location advantage can be best understood as the result of the interaction between two distinct types of co-evolutionary processes: emergent, whereby location advantage is created as the result of agglomeration dynamics in product and factor markets; and guided, whereby location advantage is created as the result of infrastructure dynamics in institutions and endowments. We illustrate empirically the application of the co-evolutionary perspective and the differences between emergent and guided co-evolutionary processes with the analysis of the development of location advantage in the Costa Rican tourism industry.

Keywords: comparative advantage, location advantage, dynamics, agglomeration, tourism, Costa Rica

JEL Classification: M16, M21

Suggested Citation

Cuervo-Cazurra, Alvaro and Martin de Holan, Pablo and Sanz, Luis, Location Advantage: Emergent and Guided Co-Evolutions (April 15, 2013). Cuervo-Cazurra, A., Martin de Holan, P., and Sanz, L. 2014. Location Advantages: Emergent and Guided Co-Evolutions. Journal of Business Research, 67(4): 508-515.. Available at SSRN: https://ssrn.com/abstract=3298429

Alvaro Cuervo-Cazurra (Contact Author)

Northeastern University - Department of International Business and Strategy ( email )

D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue
Boston, MA 02115
United States
16173736568 (Phone)
16173738628 (Fax)

HOME PAGE: http://cuervo-cazurra.com

Pablo Martin de Holan

affiliation not provided to SSRN

Luis Sanz

affiliation not provided to SSRN

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