Key words: innovation, absorptive capacity, local innovation systems, global value chains, Indonesia
This paper analyses how exporting firms in home accessories in Yogyakarta innovate by absorbing knowledge from local innovation systems and global value chains. Absorptive capacity emerges as the only variable that significantly explains variation in innovation. Innovation does not depend on the type or depth of interactions in local innovation systems, nor on the governance of global value chains, but merely on the ability of a firm to absorb and use the almost endless amount of knowledge available. Absorptive capacity of the sector increases primarily due to the entrance of medium-sized firms with highly educated, local entrepreneurs. This conclusion has important policy and research implications. The policy implication is that innovation is best improved by attracting new firms with highly educated entrepreneurs. This redirects policy attention to the business environment, venture capital and business development support. The research recommendation is to include the notion of absorptive capacity in studies of innovation systems.
Key words: innovation, absorptive capacity, local innovation systems, global value chains, IndonesiaThis paper analyses how exporting firms in home accessories in Yogyakarta innovate by absorbing knowledge from local innovation systems and global value chains. Absorptive capacity emerges as the only variable that significantly explains variation in innovation. Innovation does not depend on the type or depth of interactions in local innovation systems, nor on the governance of global value chains, but merely on the ability of a firm to absorb and use the almost endless amount of knowledge available. Absorptive capacity of the sector increases primarily due to the entrance of medium-sized firms with highly educated, local entrepreneurs. This conclusion has important policy and research implications. The policy implication is that innovation is best improved by attracting new firms with highly educated entrepreneurs. This redirects policy attention to the business environment, venture capital and business development support. The research recommendation is to include the notion of absorptive capacity in studies of innovation systems.
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