Following or breaking regional development paths: on the role and capability of the innovative entrepreneur

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Abstract

Structural change, economic diversification and new path development feature prominently in scientific and policy debates. Against the backdrop of increasing specialization in the economy, this paper reinterprets Schumpeterian innovative entrepreneurship as a fundamental process that creates new connections between distinct fields of specialization, thereby induces path-breaking innovations and structural change. It is argued that the transformation capability of innovative entrepreneurs rests essentially on their position(s) and networks within evolving innovation systems. By focusing on micro-level processes and transformation capability, the paper complements the large body of work on structural barriers. Unintended consequences, supporting institutional arrangements and policy implications are discussed.

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Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Business Administration

Keywords

  • entrepreneurship, innovation systems, institutions, path-breaking innovations, regional development, structural change
Original languageEnglish
Pages (from-to)681-691
Number of pages11
JournalRegional Studies
Volume53
Issue number5
Early online date2018 May 9
Publication statusPublished - 2019
Publication categoryResearch
Peer-reviewedYes