Factors That Affect the Technological Transition of Firms Toward the Industry 4.0 Technologies

This research identifies factors that affect the technological transition of firms toward industry 4.0 (IT) technologies focusing on capabilities and policy impacts using relatedness complexity measures. For analysis, a unique dataset was used Korean manufacturing firms’ patents their financial market information. Following Principle Relatedness, which is recently shaped empirical principle in field economic complexity, geography, regional studies, technology space built, each firm’s footprint traced. Using can identify those successfully develop new I4 examine whether accumulated previous domains positively diversification play critical role towards I4. In addition, combining data received government support for R&D activities help further analyze supporting knowledge technologies. Firms with higher related more are likely to engage expected inform policymakers who intend diversify