Strategy response, multiplier behaviour and information driven innovation activity, of New South Wales regional exporters - an input-output approach

McPhee, Paul (2005) Strategy response, multiplier behaviour and information driven innovation activity, of New South Wales regional exporters - an input-output approach. In: Proceedings of ABBSA Conference 2005. pp. 1378-1417. From: ABBSA Conference 2005, 5-7 August 2005, Cairns, QLD, Australia.

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A specially constructed input-output table is used to identify information-export industry-support multipliers for global exporting and innovation response strategies. It is demonstrated that strategy choice determines multiplier behaviour sets, and that multiplier behaviour sets indicate innovation activity.

Export and innovation strategies are considered a response to a region's global interactions, and therefore measure the regional absorption of innovation process, product development, and exporting best practice information from the global environment. Also, the strategies define the networking, information sourcing behavior; and output choices in terms of changes in product, process, or a combination of both, thus providing a more comprehensive analysis of global and regional market interaction. Demand and supply side analysis is performed at both sector and firm level for some 146 regional New South Wales exporters, as sourced from the New South Wales Survey of Regional Exporters (2001).

The method uses behavioral (conceptual) indicators developed by Hodgkinson (2001) to extend the application of DeBresson's innovation-interactive matrices (DeBresson's 1989) into innovation indicator matrices (McPhee 2001-05). These are combined with a multi-sector-regional input-output table showing information flows decomposed into the primary and secondary flows as suggested by Karunaratne (1988). The method demonstrates that geographically constrained and differing information flows, produce a co-existence of many simultaneous competitive and non-competitive equilibria, further suggesting that asymmetric information may be fundamental to market clearing behaviour and the development of different products and new innovations within competitive and non-competitive equilibria. To some degree this contrasts with Arrow's (1974) supposition that equal and unhindered access to the same and all information results in the optimal allocation of resources to yield new innovations.

Item ID: 14784
Item Type: Conference Item (Research - E1)
ISBN: 978-0-646-45032-2
Keywords: information driven innovation; multiplier behaviour; New South Wales regional exporters; strategy response
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Date Deposited: 26 Nov 2010 03:43
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140210 International Economics and International Finance @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 100%
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