publications
Factors that affect the technological transition of firms toward the industry 4.0 technologies
Seung Hwan Kim, Jeong hwan Jeon, Anwar Aridi, Bogang Jun
2022-10
This research identifies factors that affect the technological transition of firms toward industry 4.0 (IT) technologies focusing on capabilities and policy impacts using relatedness and complexity measures. For the analysis, a unique dataset was used of Korean manufacturing firms’ patents and their financial and market information. Following the Principle of Relatedness, which is a recently shaped empirical principle in the field of economic complexity, economic geography, and regional studies, a technology space is built, and each firm’s footprint in the space is traced. Using the firms’ technology space can identify those firms that successfully develop new I4 technologies and can examine whether their accumulated capabilities in their previous technology domains positively affect their technological diversification and which factors play a critical role in their transition towards I4. In addition, combining data on whether …
The economic resilience of a city: the effect of relatedness on the survival of amenity shops during the COVID-19 pandemic
Bogang Jun, C Jara-Figueroa, Donghyeon Yu
2022-11
Amenity clusters consisting of coffee shops, restaurants and other small businesses improve urban life and are a source of employment for city dwellers. Although most small business clusters were hit hard by restrictions imposed during the COVID-19 pandemic, some were able to adapt. What determines the economic resilience of amenity clusters? Using store-location data for Seoul from 2016 to 2021, we identify spatial clusters of amenities, and from that build an amenity space to examine the effect of relatedness on the resilience of each cluster. We find that businesses are more likely to survive when located in clusters of related amenities.
Factors that affect the technological transition of firms toward the industry 4.0 technologies
Seung Hwan Kim, Jeong hwan Jeon, Anwar Aridi, Bogang Jun
2022-10
This research identifies factors that affect the technological transition of firms toward industry 4.0 (IT) technologies focusing on capabilities and policy impacts using relatedness and complexity measures. For the analysis, a unique dataset was used of Korean manufacturing firms’ patents and their financial and market information. Following the Principle of Relatedness, which is a recently shaped empirical principle in the field of economic complexity, economic geography, and regional studies, a technology space is built, and each firm’s footprint in the space is traced. Using the firms’ technology space can identify those firms that successfully develop new I4 technologies and can examine whether their accumulated capabilities in their previous technology domains positively affect their technological diversification and which factors play a critical role in their transition towards I4. In addition, combining data on whether …
Factors that affect the technological transition of firms toward the industry 4.0 technologies
Seung Hwan Kim, Jeong hwan Jeon, Anwar Aridi, Bogang Jun
2022-10
This research identifies factors that affect the technological transition of firms toward industry 4.0 (IT) technologies focusing on capabilities and policy impacts using relatedness and complexity measures. For the analysis, a unique dataset was used of Korean manufacturing firms’ patents and their financial and market information. Following the Principle of Relatedness, which is a recently shaped empirical principle in the field of economic complexity, economic geography, and regional studies, a technology space is built, and each firm’s footprint in the space is traced. Using the firms’ technology space can identify those firms that successfully develop new I4 technologies and can examine whether their accumulated capabilities in their previous technology domains positively affect their technological diversification and which factors play a critical role in their transition towards I4. In addition, combining data on whether …
