Location advantage: Emergent and guided co-evolutions

We analyze how location advantage is 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 agglomer...

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Bibliographic Details
Published in:Journal of business research 2014-04, Vol.67 (4), p.508-515
Main Authors: Cuervo-Cazurra, Álvaro, de Holan, Pablo Martin, Sanz, Luis
Format: Article
Language:English
Subjects:
Agglomeration
Business administration
Comparative advantage
Competitive advantage
Costa Rica
Dynamics
Economic theory
Economics and Finance
Geographic profiles
Humanities and Social Sciences
Industrial concentration
Latin America
Location advantage
Location of industry
Organization development
Organizational behaviour
Studies
Tourism
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Summary:We analyze how location advantage is 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.
ISSN:0148-2963
1873-7978
DOI:10.1016/j.jbusres.2013.11.007