Place-based innovation policy for industrial diversification in regions

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Abstract

New industrial innovation policies like smart specialization aim at boosting economic growth by diversification towards more complex and higher value economic activities. This paper proposes a conceptual and analytical framework to support the design and implementation of such policies considering place-specific preconditions, particularly the differentiation of the regional system of innovation and entrepreneurship and the degree of current industrial diversification. The paper expands on the links between these preconditions and the barriers and opportunities for industrial diversification. Consequently, it proposes an archetypical place-based policy framework covering overall policy objectives as well as measures at the level of actors, networks, and the institutional and organizational support structures.

Original languageEnglish
Pages (from-to)1638-1662
JournalEuropean Planning Studies
Volume26
Issue number8
Early online date2018 Jun 12
DOIs
Publication statusPublished - 2018 Aug 3

Subject classification (UKÄ)

  • Economic Geography

Keywords

  • economic diversification
  • new industrial path development
  • regional growth
  • regional innovation system
  • regional policy
  • Smart specialization

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