This book provides a state-of-the-art overview of spatial industrial clusters and inter-firm networks. Given the prevailing political belief that clusters can be a major vehicle for economic development and growth, it is important to have a sound understanding of clusters and how they emerge, grow, eventually stagnate and disappear. It is also vital to know when and how to apply policy measures to support cluster development in order to increase economic welfare. This book illuminates both the theoretical and empirical issues relating to clusters and inter-firm networks, and presents a number of interesting case studies from a variety of different countries. The authors study a number of important issues including interaction within and between clusters, the spatial dimensions and characteristics of this interaction, the factors which contribute to cluster formation, and the conditions and policies conducive to the development and sustainability of successful clusters. They also investigate whether firms in clusters perform better than those that are excluded, and illustrate how the importance of clusters can vary significantly between different industries. The authors go on to address the role of clusters in knowledge spillovers and their implications for the functioning of the overall economy, and highlight the effect of new information and communications technologies on cluster configurations and operations. Regional economists, economic geographers and regional scientists will welcome this comprehensive new volume. It will also be a useful reference tool for policymakers and planners involved in industrial and regional economic development.

Regional economic development has experienced considerable dynamism over recent years. Perhaps the most notable cases were the rise of China and India to emergent country status by the turn of the millennium. With time now for hindsight, this book identifies some of the key forces behind these development successes, namely agglomeration, clusters and entrepreneurship.The expert contributors explore these three forces, which form the basis of much scholarly work in new economic geography and endogenous growth theory and policy. Here, academics from across Europe, North America, Asia and Australia consider the role of agglomeration, clusters and entrepreneurship in regional economic development within a global market context. The book presents solid conceptual and methodological contributions to the growing body of knowledge that extends these theoretical concepts, and prescribes policy and practical applications. Relevant case studies underpin the detailed empirical analyses. Academics, students, researchers and policymakers in the fields of entrepreneurship, regional development and regional science will find this book to be an enlightening read. Contributors: L. Achtenhagen, J. Bastesen, I. Bernhard, N. Carbonara, T.L. Clower, G.A.S. Cook, I. Giannoccaro, L. Iandoli, H. Jeong, B. Johannson, C. Karlsson, K. Kobayashi, S. Koster, A. Manduchi, E. Marchione, M. Markantoni, L. Naldi, K. Nystroem, M. Onishi, N.R. Pandit, R. Picard, C. Ponsiglione, T.-K. Shyy, C. Song, R.J. Stimson, R.R. Stough, D. Strijker, E. Vatne, B.L. Weinstein, E. Wihlborg, G. Zollo

`"Think Global, Act Local" has become the policy mantra for innovation, growth and competitiveness in the global economy. In this important and insightful book, Karlsson, Johansson and Stough assemble an all star team of international scholars to explicitly draw out the key role that entrepreneurship plays for local economic performance. The interdisciplinary approach contained in this book yields a pathbreaking set of insights for regional policy that will be of great value to both scholars and policy makers.' - David Audretsch, Indiana University, Bloomington, US and WHU, Germany `The world is experiencing the fourth globalization trend since the collapse of the Berlin Wall twenty years ago. This trend unlike previous ones is characterized by both broader global interconnection and deeper localization. In other words, the world is both flatter and spikier at the same time. The key to a successful development policy is to integrate these two seemingly counter intuitive trends. The solution to this is a more or less regional strategy with a very strong focus on entrepreneurship. While this approach is not new and is not the first, it is the best one that I have seen. The editors of this collection are some of the best informed, most careful and deep thinking scholars in the business and have produced a work worthy of their stature.' - Zoltan J. Acs, George Mason University, US Perhaps the most exceptional aspect of the current era of globalisation is that entrepreneurship has become the engine for local processes of economic, social and cultural development throughout the world. This important new book brings together a number of leading scholars in the field to explore the development aspects of globalisation, in particular those that foster the evolution of entrepreneurs in local-global processes. The expert contributions consider local processes such as entrepreneurship, new firm formation, creativity, media clustering, migration, and many more. They examine how the footprints of these processes reveal themselves in the contemporary global context, characterized by increasing economic interdependence as evidenced by the expanding trade in goods and services, and the growth in capital, knowledge and technology flows. The authors highlight the fact that global patterns of change are the result of innumerable local processes driven by economic, political and social entrepreneurs in localities, regions and nations around the world. With a variety of geographic perspectives, this book will appeal to researchers, students and policymakers in a range of fields including urban and regional economics, economic geography, international trade, and entrepreneurship and innovation policy.

This book provides a state-of-the-art overview of current research on regional competition and co-operation. Developing our current understanding of the new role of regions and their behaviour, this book addresses questions such as: How and why do regions compete? How does competition between border regions operate? Which regions are successful and which regions fail? What are the implications of regional competition in terms of resource allocation, the location of economic activities and the distribution of incomes? The book illuminates a number of critical theoretical end empirical issues relating to the competitive and cooperative nature of regions, as well as highlighting a number of new case studies from a variety of countries. The book will be a useful enhancement to undergraduate and post-graduate courses in economics, economic geography, regional science, regional planning, business administration, and international and industrial management. It will also be an invaluable guidance tool for researchers, consultants and policy makers in international organizations such as the EU, the World Bank and the OECD.

This book highlights the role of entrepreneurship, social capital and governance for regional economic development. In recent decades, many researchers have claimed that entrepreneurship is the most critical factor in sustaining regional economic growth. However, most entrepreneurship research is undertaken without considering the fundamental importance of the regional context. Other research has emphasized the role of social capital but there are substantial problems in empirically relating measures of social capital to regional economic development.The expert contributors to this work highlight the role of governance in regional growth, an area that has so far been relatively under-researched, underpinning their findings with new theoretical and empirical evidence. They conclude that the relationship between entrepreneurship, social capital and governance in factors affecting regional economic development are complex and interdependent, and that to influence these factors and the relationship between them, policymakers must have a long-term perspective and be both patient and persistent in their efforts. This enlightening book will be of great interest to academics, students and researchers across a range of fields including regional science, regional economics, economic geography, regional planning, public policy, entrepreneurship, political science and economic sociology. Policymakers involved in regional policymaking from national down to regional and local levels will also find the book to be an illuminating read. Contributors include: T. Arvemo, P. Assmo, I. Bernhard, N. Carbonara, M. Cesario, G.A.S. Cook, J.L. Crespo-Espert, L.P. Dana, M.T. de Noronha, S. Doh, A. Garcia-Tabuenca, U. Grasjoe, K.E. Haynes, D.G. Ierapetirits, C. Karlsson, D. Lagos, H. Lawton Smith, M. Morehart, K. Nystroem, F.- Pablo-Marti, H. Qian, J.A. Riseth, S. Romeo, P. Stenberg, S.C. Turner, H. Westlund, E. Wihlborg, E.J. Zolnik

Providing a picture of the processes of economic change in Europe, of which EU harmonization policies and transition policies form an integral part, the editors present a collection of articles on current issues in central and east European countries. Perhaps the most dramatic phenomenon to impact on Europe in the next two decades will be the economic integration of central and east European countries with the rest of Europe. Consequently, significant impacts should be seen in regional and international patterns of trade, demography, employment, and financial flows. The editors discuss the problems transitional economies will face and the strategies they may adopt in the context of the European economic integration process and these sectoral issues. Bringing together novel research by those within the emerging market economies, this book will be of great interest to researchers and policymakers and planners in organizations dealing with economic integration and transitional economy issues.

This volume extends our understanding of the many different ways in which distance impacts the knowledge conversion process. While addressing different facets of knowledge, innovation and space, the authors provide an overview of relevant topics in contemporary research concerned with the global, national, regional and local dynamics of knowledge and innovation.Knowledge itself is a raw input into the innovation process, which can then transform it into an economically useful output such as a prototype, patent, licence or new firm. New knowledge is often tacit and thus tends to be highly localized, as indeed is the conversion process. Consequently, as the book demonstrates, space or distance matter significantly in the transformation of raw knowledge into beneficial knowledge. This innovative book will appeal to academics, students and researchers in the fields of regional science, economics, sociology and innovation. It will also be of interest to policymakers and consultants in international organizations, in particular those dealing with entrepreneurship, development, R&D policies and regional policies on different spatial scales. Contributors include: M. Andersson, T. Arvemo, M. Backman, L. Bjerke, A.P. Cornett, O. Ejermo, U. Grasjoe, T. Hatori, H. Jeong, B. Johansson, S. Johansson, C. Karlsson, K. Kobayashi, H. Lawton-Smith, S. Ochi, M. Okumura, O. Raspe, R.R. Stough, M. Tsukai, T. Ueda, F Van Oort, R. Waters, M. Yokomatsu

In recent years, policy makers have given much credence to the role of entrepreneurship in the transformation of regions. As a result, a new set of policy responses have emerged that focus on the support of new venture creation, small business growth and idea generation and commercialization. While there is a wealth of research about entrepreneurship in general, less attention has been given to the development of new tools and programs in support of entrepreneurial activities, and to the ways in which the emergence, the character and the types of entrepreneurship policies might differ between countries. In particular, the transatlantic perspective is of special interest because of the pioneering role of the United States in this area, and also due to the European Union's focus on economic competitiveness. The contributions included in this book explore the emergence of entrepreneurship policies from a transatlantic comparative perspective and address different aspects of entrepreneurship policies including local entrepreneurship policies and the relationship between knowledge-based industries and entrepreneurship policies.

This title was first published in 2003. This book focuses on the role of tangible and intangible networks that affect spatial interdependencies in economic and social life. It addresses the question - is the effect of distance disappearing? In examining this question the book considers the types of interaction that bring about globalisation of markets as well as social life in general and the distortion of distance patterns and changes in spatial interdependencies. The contributions elaborate theory and methods by examining hierarchical fields of internal and external influence on regional change; sources of productivity growth in a network of industries, endogenous growth and development policies. The book concludes with an assessment of plan evaluation methodologies for a changing and globalizing world characterized by new economic networks and networking arrangements.

In the last four decades the developed economies have developed into veritable knowledge economies at the same time as more and more economies have entered the road to economic development. Typical for the developments during this time has been substantially increased investments in research and development (R&D) to generate new knowledge and new technologies and increased investments in diffusing existing knowledge by means of education and thereby raising the volume of human capital.

However, many member states and regions within the EU are struggling with their economic development. This book explores the uneven patterns of development within the EU, discusses the relative effect of investments on innovation and productivity growth and looks at the mechanisms involved in economic development and policy.

In recent years, policy makers have given much credence to the role of entrepreneurship in the transformation of regions. As a result, a new set of policy responses have emerged that focus on the support of new venture creation, small business growth and idea generation and commercialization. While there is a wealth of research about entrepreneurship in general, less attention has been given to the development of new tools and programs in support of entrepreneurial activities, and to the ways in which the emergence, the character and the types of entrepreneurship policies might differ between countries. In particular, the transatlantic perspective is of special interest because of the pioneering role of the United States in this area, and also due to the European Union's focus on economic competitiveness. The contributions included in this book explore the emergence of entrepreneurship policies from a transatlantic comparative perspective and address different aspects of entrepreneurship policies including local entrepreneurship policies and the relationship between knowledge-based industries and entrepreneurship policies.

In the last four decades the developed economies have developed into veritable knowledge economies at the same time as more and more economies have entered the road to economic development. Typical for the developments during this time has been substantially increased investments in research and development (R&D) to generate new knowledge and new technologies and increased investments in diffusing existing knowledge by means of education and thereby raising the volume of human capital.

However, many member states and regions within the EU are struggling with their economic development. This book explores the uneven patterns of development within the EU, discusses the relative effect of investments on innovation and productivity growth and looks at the mechanisms involved in economic development and policy.

The phenomenon of entrepreneurship has attracted researchers from a variety of disciplines and a diverse number of analytical approaches. Currently, there is a considerable amount of confusion and a variety of conflicting theories which are being used interchangeably and ambiguously. In this important new book, the authors argue that there are analytically distinct forms of entrepreneurship, each of them having an individual logic of their own. They highlight the role of individual economic agents with endowments of new knowledge or new combinations of old knowledge as entrepreneurs, and thus identify them as dynamic factors in the knowledge economy. Overall, this book not only provides a contemporary overview of current research in the field, but also summarizes the policy conclusions that can be drawn from current research.

This title was first published in 2003. This book focuses on the role of tangible and intangible networks that affect spatial interdependencies in economic and social life. It addresses the question - is the effect of distance disappearing? In examining this question the book considers the types of interaction that bring about globalisation of markets as well as social life in general and the distortion of distance patterns and changes in spatial interdependencies. The contributions elaborate theory and methods by examining hierarchical fields of internal and external influence on regional change; sources of productivity growth in a network of industries, endogenous growth and development policies. The book concludes with an assessment of plan evaluation methodologies for a changing and globalizing world characterized by new economic networks and networking arrangements.

The phenomenon of entrepreneurship has attracted researchers from a variety of disciplines and a diverse number of analytical approaches. Currently, there is a considerable amount of confusion and a variety of conflicting theories which are being used interchangeably and ambiguously.

In this important new book, the authors argue that there are analytically distinct forms of entrepreneurship, each of them having an individual logic of their own. They highlight the role of individual economic agents with endowments of new knowledge or new combinations of old knowledge as entrepreneurs, and thus identify them as dynamic factors in the knowledge economy.

Overall, this book not only provides a contemporary overview of current research in the field, but also summarizes the policy conclusions that can be drawn from current research.

This book analyses the conception of economic development in modern regions, which has gone through a fundamental change since the early 1980s. Regions are today increasingly looked upon as independent market places that are connected via interregional and international trade and not as administrative units embodied in a national state. Two complementary theoretical frameworks explain the specialization of economic activity at the regional level. The traditional approach assumes that the comparative advantages of regions depend upon differences in the supply of lasting resources. In contrast the new complementary framework called the New Economic Geography, assumes that the dynamic interaction between geographical market potentials and rational firms in its own way creates the comparative advantage of regions. The contributors to this book examine the policy implications of the complementarity of the competing views in a variety of geographic and functional contexts. The first set of papers examines the effect of regional policy on firm locational decision-making. This leads to another set evaluating a variety of regional policy efforts. New and different methodological approaches are examined in another set of papers. The final part of the book focuses on new concepts. Economists, geographers and readers interested in regionalization, trade and development will find this book informative.

'This is an exceptional work that is the result of an outstanding selection of the best papers on agglomeration and innovation given at the 10th anniversary of the Udevalla conference. It is the finest set of conference papers I have seen in the past 25 years. These are artfully woven together into three primary areas. The first focuses on the role of knowledge and innovation in entrepreneurship; the second incorporates the institutional environment while the third looks at the international context. I recommend this collection to academics, students and all who are interested in the role of creativity and innovation in entrepreneurial development. Not only are these the very best researchers in the field, but the materials are presented in a clear and concise manner, making it an outstanding base for advanced courses in this area. This work combines some of the best writings by top-notch authors sharing the sharpest insight into the complex area of the role of human capital in structuring agglomerative advantages. I take my hat off to the fine editorial work represented in this volume.' - Kingsley E. Haynes, George Mason University 'The book provides a remarkable contribution on the role of human capital as major creator of knowledge, interpreted as abilities, capabilities, methods, creativity and persistency in identifying and solving problems by collecting, selecting, interpreting and applying existing knowledge and information. The laws of increasing returns to human capital - among which urban agglomerations as magnets which attract persons who embody knowledge - are conceptually searched and empirically verified. The book answers questions such as: Why do highly educated people, i.e. the carriers of human capital, tend to concentrate in large agglomerations? What are the agglomerative forces? and How does this agglomeration of human capital impact different types of economic activities and in particular their location behaviour? Important normative implications are thus derived from such a collected effort.' - Roberta Capello, Politecnico di Milano, Italy This original and instructive new book defines and explores the concept of knowledge as the talent, skills, know-how and understanding embodied in individuals. The distinguished contributors advance the current research frontier in three novel directions which focus on: the role of human capital and talent for creativity, entrepreneurship and regional development; the role of institutions for the behavior of firms and entrepreneurs; and the influence of the global context on the location, export and innovation behavior of firms in a knowledge economy. They also address critical questions that underpin the emerging knowledge economy: - Why does human capital and talent tend to agglomerate in large urban regions? - How does this agglomeration affect the location of different types of economic activities? - How does this agglomeration affect regional growth? Presenting the state of the art in the field of knowledge economics, this book will prove a stimulating and challenging read for scholars and researchers with an interest in economics, business and management, and regional and urban studies. Contributors: M. Andersson, C. Autant-Bernard, P. Billand, G.A.S. Cook, U. Grasjo, J.J. Gutierrez, T. Hatori, B. Johansson, S. Johansson, C. Karlsson, K. Kobayashi, H. Loof, N. Massard, K. Matsushima, P. Nijkamp, D. Nilsson, K. Nystrom, M. Olsson, N.R. Pandit, M. Sahin, R.J. Stimson, R.R. Stough, A. Todiras

Metropolitan growth has been dramatic in the past several decades, and today metropolitan regions are recognized as the main driving forces in national growth and development as well as in national and global innovation processes. The purpose of this book is to contribute to a better understanding of how metropolitan regions and their subsystems interact and compete, why they differ in their capacity to nurture innovation and growth, and how metropolitan policies must be designed to secure the region's long-term vitality. To that end, it presents new contributions on theories of urban growth, institutions and policies of urban change, and case studies of urban growth prepared by international experts.

Road pricing (tolls, etc.) as a means of generating revenue for infrastructure investment has become a major policy option in both Europe and North America. It can also be used as a policy in the management of traffic demand and flow, environmental objectives, and optimal resource allocation as regards the size of investments. Road pricing is assumed to be able to solve many problems simultaneously -- congestion control, pollution reduction, and investment financing. This volume assembles and assesses theoretical knowledge, empirical results and experiences of actual road pricing. In addition, the impact of new information technology on future policy formulation is considered.

Network economics is a new, rapidly developing field. In this volume theoretical and empirical contributions are collected, each deals with different aspects of the network economy. The book assesses networks as a complement to pure market relations and studies innovation networks and strategic alliances among innovative corporations. Product differentiation and specialization in reciprocal networks are emphasised as a strategy of sustainable development. The book presents econometric methods of barrier and network analysis, including communication and trade patterns.

During the last two decades a new growth theory has emerged - often labelled "endogenous economic growth." The contributions in the book develop these advances into a theoretical framework for endogenous regional economic growth and explain the implications for regional economic policies in the perspective of the new century. Endogenous growth models can reflect increasing returns and hence refer more adequately to empirical observations than earlier models, and the models become policy relevant, because in endogenous growth models policy matters. Such policies comprise efforts to stimulate the growth of knowledge intensity of the labour supply and knowledge production in the form of R&D.

This book provides a balanced, empirically-based view of the "Digital Economy," and explores its regional and geographical import in areas where the Digital Economy meets more traditional patterns. More than just an interpretive analysis, this book utilizes empirical evidence in its assessment of the dynamics of specific regions in different parts of the world. The book also examines the policy implications of the rising Digital Economy.

This book provides a balanced, empirically-based view of the "Digital Economy," and explores its regional and geographical import in areas where the Digital Economy meets more traditional patterns. More than just an interpretive analysis, this book utilizes empirical evidence in its assessment of the dynamics of specific regions in different parts of the world. The book also examines the policy implications of the rising Digital Economy.

Road pricing (tolls, etc.) as a means of generating revenue for infrastructure investment has become a major policy option in both Europe and North America. It can also be used as a policy in the management of traffic demand and flow, environmental objectives, and optimal resource allocation as regards the size of investments. Road pricing is assumed to be able to solve many problems simultaneously -- congestion control, pollution reduction, and investment financing. This volume assembles and assesses theoretical knowledge, empirical results and experiences of actual road pricing. In addition, the impact of new information technology on future policy formulation is considered.

Since the beginning of the fifties, the ruling paradigm in the discipline of economics has been that of a competitive general equilibrium. Associated dynamic analyses have therefore been preoccupied with the stability of this equilibrium state, corresponding simply to studies of comparative statics. The need to permeate the boundaries of this paradigm in order to open up new pathways for genuine dynamic analysis is now pressing. The contributions contained in this volume spring from this very ambition. A growing circle of economists have recently been inspired by two distinct but complementary sources: (i) the pathbreaking work of Joseph Schumpeter, and (ii) recent contributions to physics, chemistry and theoretical biology. It turns out that problems which are firmly rooted in the economic discipline, such as innovation, technological change, business cycles and economic development, contain many clear parallels with phenomena from the natural sciences such as the slaving principle, adiabatic elimination and self-organization. In such dynamic worlds, adjustment processes and adaptive behaviour are modelled with the aid of the mathematical theory of nonlinear dynamical systems. The dynamics is defined for a much wider set of conditions or states than simply a set of competitive equilibria. A common objective is to study and classify ways in which the qualitative properties of each system change as the parameters describing the system vary.