Institutions, Smart Specialisation Dynamics and Policy

Markus Grillitsch

No 2015/12, Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research

Abstract: Smart specialisation features prominently in the European regional policy context. This paper discusses how the configuration of the regional institutional framework affects smart specialisation dynamics and policy. It elaborates why and how institutional diversity and integration promote entrepreneurial discovery processes, spillovers and agglomeration effects, and thereby structural change in regions. Policy challenges arising from the regional institutional framework are identified, discussed and related to well-research system failures of regional innovation systems.

Keywords: regional policy; smart specialisation; institutions; regional innovation systems; system failures (search for similar items in EconPapers)
JEL-codes: B52 O17 O43 P48 R10 R11 R58 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015-02-26
New Economics Papers: this item is included in nep-cse, nep-geo, nep-hme, nep-mfd, nep-sbm and nep-ure
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Citations: View citations in EconPapers (3)

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Journal Article: Institutions, smart specialisation dynamics and policy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2015_012

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