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Territorial Patterns of Innovation - An Inquiry on the Knowledge Economy in European Regions (Paperback)
Loot Price: R1,814
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Territorial Patterns of Innovation - An Inquiry on the Knowledge Economy in European Regions (Paperback)
Series: Routledge Advances in Regional Economics, Science and Policy
Expected to ship within 12 - 19 working days
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This edited volume describes the spatial diffusion of knowledge and
innovation using a large dataset at the regional level, and
presents scientific evidence on the role of knowledge and
innovation on regional development. The empirical results support a
new design for innovation policies at the regional level, which
could help the European Union to achieve the targets set up in its
2020 Agenda. Today, financial capital, general information,
consolidated technologies and codified knowledge are readily
available virtually everywhere. However, the ability to organize
these 'pervasive' factors into continuously innovative production
processes and products is by no means pervasive and generalized;
rather, it exists selectively only in some places where tacit
knowledge is continuously created, exchanged and utilized and
business ideas find their way to real markets. Territorial Patterns
of Innovation provides evidence that, contrary to popular belief,
local knowledge intensity does not necessarily guarantee higher
innovation performance. Moreover, the book shows that the growth
benefits deriving from innovation do not necessarily match the
strength of the formal local knowledge base, and that regions
innovating in the absence of a strong local knowledge base can be
as successful as more knowledge-intensive regions in turning
innovation into a higher growth rate. Together, the contributions
in this book offer a new understanding of the relationship between
knowledge, innovation and regional performance by delving beyond
generally held beliefs. It will be of value to regional scientists,
industrial economists and policymakers.
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