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Sunderland Repository records the research produced by the University of Sunderland including practice-based research and theses.

A model of Firm's Growth in a knowledge based economy

Seddighi, Hamid (2015) A model of Firm's Growth in a knowledge based economy. Journal of Knowledge Economy, 6 (2). pp. 215-227. ISSN 1868-7865

Item Type: Article


Abstract Knowledge-based economies use knowledge as an input of production to
produce knowledge-intensive products and services. In such economies, a firm’s growth
crucially depends on knowledge accumulation, technical change and the resulting
innovation activities. To achieve sustained growth, a firm must keep on innovating. A
firm’s core competence and its refinement and development over time play a crucial role
in a firm’s innovation activities and its growth. In this paper, a conceptual framework of
a firm’s innovation and growth in knowledge-based economy is presented. This framework
is based on a firm’s core competence and its development over time within a firms’
cluster. This model is empirically estimated and evaluated, in a pilot study, via a data set
from a manufacturing cluster of 128 firms operating in the North East England. The
empirical results provide some support for the proposed framework. In particular, it is
found that the conditional probability that a firm undertakes R&D activity to innovate in
such a cluster of firms is over 70 %.
Keywords Knowledge economy . Core competence . R&D activities . Cluster
formation . Innovation policy

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More Information

Depositing User: Hamid Seddighi


Item ID: 3366
ISSN: 1868-7865
Official URL:

Users with ORCIDS

ORCID for Hamid Seddighi: ORCID iD

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Date Deposited: 25 Jan 2013 09:36
Last Modified: 02 Jul 2019 09:18