Toward a Better Understanding on Technological Resilience for Sustaining Industrial Development

Abstract

Environmental change and unexpected crises are major threats to industrial development. Industries must build technological resilience to reduce the impact of shocks. Resilience has become a crucial concept for addressing vulnerabilities and developing flexible methods of adapting to crises. This study examined the concept of technological resilience, particularly at the industry level, as well as the factors that may influence technological resilience. Moreover, the relative capability of industries to maintain their production of technological knowledge during disruptive events was examined by analyzing the growth and crises of patenting. This methodology yielded novel insights into technological resilience with multidimensional perspectives. Collaboration reinforces technological resilience by reducing crisis probability and intensity. In addition, high-quality and diversified technological knowledge enhances technological resilience by reducing the probability, intensity, or duration of crises.