This original and timely book presents the most comprehensive, empirically based analysis of clustering dynamics in the high-technology sector across liberal and co-ordinated market economies. By carefully exploring and comparing ICT and biotechnology in the UK and Austria, the authors find evidence that industry innovation characteristics can overcome some of the supposed constraints of such 'varieties of capitalism' and themselves usher in regulatory reforms. They also provide a first examination of the ways in which firms utilize knowledge spillovers in such settings. In addition, the book highlights the practices of 'free-riders' and the excess land rents that they and more collaborative firms endure as 'diseconomies of agglomeration'. Finally, arising from these findings, the authors present a new post-sectoral, post-cluster policy methodology called 'Innovative Platform Policy', which they believe is more attuned to the dynamics of the knowledge economy. This book will be of great interest to academics, especially regional and industrial economists, economic geographers, regional scientists, political scientists and economic sociologists. It will also appeal to students and researchers, as well as government officials in industry, trade and economic development at national and regional levels.

This book provides an extensive evaluation of the numerous policy instruments used by regional governments in Europe to promote innovation activity in Small and Medium Enterprises (SMEs). The instruments are compared and benchmarked in order to identify 'good practice', in an effort to bridge the gap between the theory of regional innovation and real-world policy implementation. The authors argue for a new policy paradigm and highlight the value of an interactive style of policy intervention. Since the majority of SMEs have a limited resource base with regard to innovation, they need external orientation to understand and adapt to their environment. Thus, the main role for policy should be to increase the innovative capacity of a region and its SMEs by fostering interactive learning both within firms, and within the region as a whole. The authors also collect extensive data on the efficiency of innovation-driven policy measures and introduce three key concepts for successful regional innovation policy: coherence, interactivity and cumulative character. This volume will provide practical lessons and useful comparative results for a variety of professionals working on SME-oriented innovation at the EU, national and regional level. In particular, the mix of theoretical and empirical material will be of considerable interest to academics and researchers studying regional innovation systems and their role in knowledge-based economies. The book will also appeal to professional consultants, practitioners and policymakers who will find the frameworks for the evaluation and design of innovation policies to be of immense value.

Today, economic growth is widely understood to be conditioned by productivity increases which are, in turn, profoundly affected by innovation. This volume explores these key relationships between innovation and growth, bringing together experts from both fields to compile a unique Handbook. The Handbook considers innovation from fresh perspectives, encompassing topics such as services innovation, inward investment and innovation, creative industry innovation and green innovation. It is divided into seven sections, dealing with regional innovation and growth theory, dynamics, evolution, agglomeration, innovation 'worlds', innovation system institutions, and innovation governance and policy. This definitive compendium on regional innovation and growth will undoubtedly appeal to teachers, students, researchers and practitioners of innovation and growth dynamics worldwide. Contributors: M. Abreu, E.S. Andersen, Y. Aoyama, B. Asheim, S. Bagchi-Sen, M. Bellandi, F. Belussi, R. Boschma, N. Bosma, S. Breschi, R. Capello, C. Carrincazeaux, J.L. Christensen, P. Cooke, M. Coris, O. Crevoisier, L. De Propris, A. Eriksson, D. Felsenstein, A. Frenkel, K. Frenken, E. Giuliani, V. Harmaakorpi, M. Heidenreich, R. Horner, S. Iammarino, A. Isaksen, A. James, M. Klofsten, K. Koschatzky, A. Lagendijk, L. Lazzeretti, E. Malecki, R. Martin, H. Melkas, C. Nauwelaers, S. OEberg, P. Prud'homme van Reine, S. Ptak, S. Rosenfeld, V. Schutjens, D. Schwartz, D. Shefer, J. Simmie, E. Stam, M. Steiner, P. Sunley, G. Tichy, F. Toedtling, M. Trippl, T. Tura, E. Vatne, D. Wolfe

This original and timely book presents the most comprehensive, empirically based analysis of clustering dynamics in the high-technology sector across liberal and co-ordinated market economies. By carefully exploring and comparing ICT and biotechnology in the UK and Austria, the authors find evidence that industry innovation characteristics can overcome some of the supposed constraints of such 'varieties of capitalism' and themselves usher in regulatory reforms. They also provide a first examination of the ways in which firms utilize knowledge spillovers in such settings. In addition, the book highlights the practices of 'free-riders' and the excess land rents that they and more collaborative firms endure as 'diseconomies of agglomeration'. Finally, arising from these findings, the authors present a new post-sectoral, post-cluster policy methodology called 'Innovative Platform Policy', which they believe is more attuned to the dynamics of the knowledge economy. This book will be of great interest to academics, especially regional and industrial economists, economic geographers, regional scientists, political scientists and economic sociologists. It will also appeal to students and researchers, as well as government officials in industry, trade and economic development at national and regional levels.