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- W2548308626 abstract "There seems to be a widespread consensus in academic and policy circles that the promotionof current economic strongholds and specialisations is no longer sufficient in order to ensurethe long-term competitiveness of regions. New policy concepts such as smart specialisationemphasize the need to break with past practices and design and implement innovationstrategies that boost regional structural change, i.e. policies that support regional economies torenew their industrial base by diversifying into new but related economic fields or creatingentirely new sectors. This new strategic orientation for regional innovation policies hasessentially been informed by evolutionary economic geography, which has offered novelinsights into how regional economies transform over time and how new growth paths comeinto being. Applying a regional innovation system (RIS) perspective, recent work hasenhanced our understanding of how such processes of regional economic change vary acrossdifferent types of regions. RIS differ enormously in their capacity to develop new growthpaths due to pronounced differences in endogenous potentials and varying abilities to attractand absorb exogenous sources for new path development. The policy implications followingfrom these recent findings on the uneven geography of new path development have hardlybeen thoroughly discussed so far. General claims such as the need to avoid one size fits allstrategies and develop place-based policies for regional industrial change remain vague andprovide little guidance in this regard.The aim of this paper is to identify opportunities and limitations of regional innovationpolicies to promote new path development in different types of RIS. We distinguish between(1) organisationally thick and diversified RIS, (2) organisationally thick and specialized RISand (3) thin RIS. Regarding path development, a distinction is drawn between the extenstion,modernization, importation, branching and creation of industrial paths, reflecting variousdegrees of radicalness of change in regional economies. The paper offers a conceptualanalysis of conditions and influences that enable and constrain new path development in eachRIS type and outlines the contours of policy strategies that are suitable for promoting newpath development in those different types of RIS.Our point of departure is the well-known distinction between system-based and actor-basedpolicy approaches. The former aims to improve the functioning of the RIS by targetingsystem failures, promoting local and non-local knowledge flows and adapting theorganisational and institutional set-up of the RIS. Actor-based strategies, in contrast, supportentrepreneurs and innovation projects by firms and other stakeholders. We argue that bothstrategies will have only a limited impact on regional economic change when applied alone.However, if they are combined, they are well suited to promote new path development. Thepaper discusses which specific combinations of system-based and actor-based policystrategies matter for different types of RIS. (authors' abstract)" @default.
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- W2548308626 date "2016-10-01" @default.
- W2548308626 modified "2023-09-27" @default.
- W2548308626 title "Innovation policies for regional structuralchange: Combining actor-based andsystem-based strategies" @default.
- W2548308626 hasPublicationYear "2016" @default.
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