• Corpus ID: 4882961

From Resource Extraction to Knowledge Creation : Oil-Rich States , Oil Companies and the Promotion of Local R &

@inproceedings{LimadeOliveira2017FromRE,
  title={From Resource Extraction to Knowledge Creation : Oil-Rich States , Oil Companies and the Promotion of Local R \&},
  author={D Renato Lima-de-Oliveira and Timothy J. Sturgeon},
  year={2017}
}

• D. R. Lima-de-Oliveira, T. Sturgeon
• Published 2017
• Economics

The increasing technological and operational requirements associated with unconventional oil and gas (O&G) reserves have created new challenges for oil companies and brought new opportunities for states to use the O&G industry itself — not just revenues from O&G — to drive industrial upgrading and high skilled employment. This paper identifies the role of firms and governments in the technological development of the oil industry. It provides a typology that connects firm-level business strategy to public policy priorities in the natural resource sector, and makes predictions about which scenarios can lead to local knowledge creation and spillovers. It characterizes the main actors in the oil value chain according to their role in new knowledge creation and highlights the collaborative nature of R&D in this industry. The paper also highlights the importance of geological challenges in shaping firms’ R&D strategies and for influencing the potential for public policies to promote spillovers. Effective public policies leverage the collaborative nature of innovation in the oil industry to promote linkages with local knowledge institutions and suppliers as a way to maximize the indirect, knowledge-based, benefits of O&G production.