Regional Innovation, Industrial Policy and UK Interregional Challenges

Philip McCann () and Raquel Ortega-Argiles
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Philip McCann: University of Manchester

Hacienda Pública Española / Review of Public Economics, 2022, vol. 243, issue 4, 83-100

Abstract: This paper examines the challenges associated with fostering regional innovation via place-based innovation policies in a context where a country previously had little or no real place-based thinking or policy-framing. The UK displays a combination of both high interregional inequalities and a highly centralisation and top-down governance system. For many years national policy was based on the assumption that knowledge spillover effects from the London economy would naturally diffuse through-out the country, whereas recently there has emerged a realisation that this has not happened. Instead, devolution-related governance reforms are required to foster regional development, but the over-centralisation of the system itself militates against this. Here we discuss the economic development and governance-reform challenges associated with a shift towards more devolved policy making in a setting of good institutions which are ill-designed for the challenge.

Keywords: Innovation; Regions; Policy; Governance (search for similar items in EconPapers)
JEL-codes: O33 O38 R11 R12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2022:v:243:i:4:p:83-100

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